Idaho Code, Title 28, 2012 Supplement

2012·17.4 MB·English

by  State of Idaho

2012
CUMULATIVE
POCKET SUPPLEMENT
IDAHO CODE
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F.
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TITLE 28(1-20)
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ADJOURNMENT DATES OF SESSIONS OF
LEGISLATURE
Year Adjournment Date
2002 March 15, 2002
2003 May 3, 2003
2004 March 20, 2004
2005 April 6, 2005
2006 April 11, 2006
2006 (E.S.) August 25, 2006
2007 March 30, 2007
2008 April 2, 2008
2009 May 8, 2009
2010 March 29, 2010
2011 April 7, 2011
2012 March 29, 2012
vn

TITLE 28
COMMERCIAL TRANSACTIONS
CHAPTER. — chapter.
1. Uniform Commercial Cod—e General Pro- 8. Investment Securities, § 28-8-103.
visions, §§ 28-1-101 —28-1-310. 9. Secured Transactions, §§ 28-9-102, 28-9-
2. Uniform CommercialCode Sales, §§ 28- 105, 28-9-109, 28-9-203, 28-9-207, 28-
2-103,28-2-104,28-2-202,28-2-208,28- 9-208,28-9-301,28-9-304,2—8-9-307,28-
2-310,28-2-323,28-2-401,28-2-403,28- 9-309, 28-9-310, 28-9-311 28-9-314,
2-503,28-2-505,28-2-506,28-2-509,28- 28-9-316, 28-9-317, 28-9-326, 28-9-338,
3. Uni2f-o60r5m,C2o8m-2m-e7r0c5i.al Code — Negotiable 2288--99--540076,, 2288--99--450185,—28-298--590-25,1268A-,9-2580-39,-
Instruments, §§ 28-3-103, 28-3-104, 28- 518, 28-9-519, 28-9-521, 28-9-601, 28-
4. Uni3f-o41r6m,C2o8m-m3e-r4c1i7a.lCode—BankDeposits 99--680071,—28-298--692-68,092.8-9-705,28-9-707,28-
andCollections, §§ 28-4-104, 28-4-207, —
28-4-208, 28-4-210, 28-4-605, 28-4-606, 10. Uniform Commercial Code Effeoitve
28-4-612. — Dateand Repealer, § 28-10-1—04.
5. Uniform Commercial Code Letters of 12. Uniform Commercial Code Leases,
Credit, § 28-5-103. — §§ 28-12-103, 28-12-207, 28-12-307,
7. Documents of Title, §§ 28-7-101 28-7- 28-12-501, 28-12-5—14, 28-12-518, 28-
704. 12-519, 28-12-526 28-12-528.
CHAPTER
1
—
UNIFORM COMMERCIAL CODE GENERAL PROVISIONS
Part 1. General Provisions SECTION.
28-1-204. Value. —
section. 28-1-205. Reasonable time Seasonable-
28-1-101. Short titles. ness.
28-1-102. Scope ofchapter. 28-1-206. Presumptions.
28-1-103. Construction of uniform commer-
cial code to promot—e its pur- Part 3. TerritorialApplicabilityand General
poses and policies Applica- Rules
bility of supplemental
principles oflaw. 28-1-301. Territfoorrimalcoamppmleirccaitailoncoodfet—he Puanri--
28-1-104. Construction against implied re- ties' power to choose applica-
peal.
ble law.
28-1-105. Severability. — 28-1-302. Variation by agreement.
28-1-106. Use ofsingular and plural Gen- 28-1-303. Course of performance, course of
der. dealing, and usage oftrade.
28-1-107. Section captions. 28-1-304. Obligation ofgood faith.
28-1-108. Relationtoelectronicsignaturesin 28-1-305. Remedies to be liberally adminis-
global and national commerce tered.
act. 28-1-306. Waiver or renunciation ofclaim or
Part 2. General Definitionsand Principles of right after breach.
28-1-307. Primafacieevidencebythirdparty
Interpretation
documents.
28-1-201. General—definitions. 28-1-308. Performance or acceptance under
28-1-202. Notice Knowledge. reservation ofrights.
28-1-203. Lease distinguished from security 28-1-309. Option to accelerate atwill.
interest. 28-1-310. Subordinated obligations.
Part 1. General Provisions
—
28-1-101. Shorttitles. (a) Thistitle shallbeknownandmaybe cited
as the Uniform Commercial Code.
28-1-102 COMMERCIALTRANSACTIONS 2
—
(b) This chapter may be cited as "Uniform Commercial Code General
Provisions."
History.
1967,ch. 161,§ 1-101,p.351;am. 2004,ch.
43, § 2, p. 136.
OFFICIALCOMMENT
Source: Former Section 1-101. 1. Each other article ofthe Uniform Corn-
Changesfromformerlaw:Subsection(b) mercial Code (exceptArticles 10 and 11) may
is new. It is added in order to make the also be cited by its own short title. See Sec-
structureofArticle 1 parallelwiththatofthe tions 2-101, 2A-101, 3-101, 4-101, 4A-101,
other articles of the Uniform Commercial 5-101, 6-101, 7-101, 8-101, and 9-101.
Code.
—
28-1-102. Scope ofchapter. This chapter applies to a transaction to
the extent that it is governed by another chapter ofthe uniform commercial
code.
History. 102, which comprised S.L. 1967, ch. 161,
I.C. § 28-1-102, as added by 2004, ch. 43, § 1-102, was amended and redesignated as
§ 3, p. 136. § 28-1-103 in 2004.
Compiler's Notes. Former section 28-1-
OFFICIALCOMMENT
—
Source: New. always beenthe case therules inArticle 1
1. This section is intended to resolve con- applytotransactionstotheextentthatthose
fusion that has occasionally arisen as to the transactions aregovernedbyoneoftheother
applicability ofthe substantive rules in this articlesoftheUniformCommercialCode. See
article. This section makes clear what has also Comment 1 to Section 1-301.
28-1-103. Construction of uniform commercial code to promote
—
itspurposes andpolicies Applicabilityofsupplementalprinciples
—
oflaw. (a) The uniform commercial code shall be liberallyconstrued and
applied to promote its underlying purposes and policies, which are:
(1) To simplify, clarify, and modernize the law governing commercial
transactions;
(2) To permit the continued expansion of commercial practices through
custom, usage, and agreement ofthe parties; and
(3) To make uniform the law among the variousjurisdictions.
(b) Unless displaced by the particular provisions ofthe uniform commer-
cial code, the principles oflaw and equity, including the law merchant and
the law relative to capacityto contract, principal and agent, estoppel, fraud,
misrepresentation, duress, coercion, mistake, bankruptcy, and other vali-
dating or invalidating cause supplement its provisions.
History. ch. 161, § 1-103, p. 351,wasrepealedbyS.L.
1967, ch. 161, § 1-102; am. and redesig. 2004, ch. 43, § 4. The contents of former
2004, ch. 43, § 5, p. 136. § 28-1-103cannowbefoundinsubsection(b)
Compiler's Notes. This section was for- ofthis section,
merly codified as § 28-1-102. Citedin:Jen-RathCo.v.KITMfg.Co., 137
Former § 28-1-103, which comprised 1967, Idaho 330, 48 P.3d 659 (2002).