Page:United States Statutes at Large Volume 77.djvu/669

 77 STAT. ]

PUBLIC LAW 88-243-DEC. 30, 1963

§28:1—207. Performance or acceptance under reservation of rights A party who with explicit reservation of rights performs or promises performance or assents to performance m a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Such words as "without prejudice", "under protest" or the like are sufficient. § 28:1—^208. Option to accelerate at will A term providing that one party or his successor in interest may accelerate payment or performance or require collateral or additional collateral ' a t will" or ''when he deems himself insecure" or in words of similar import shall be construed to mean that he shall have power to do so only if he in good faith believes that the prospect of payment or performance is impaired. The burden of establishing lack of good faith is on the party against whom the power has been exercised.

ARTICLE 2—SALES PART 1—SHORT TITLE, (GENERAL CONSTRUCTION AND SUBJECT MATTER

Sec. 28:2—101. Short title. 28:2—102. Scope; certain security and other transactions excluded from this article. 28:2—103. Definitions and index of definitions. 28:2—104. Definitions: " M e r c h a n t "; "between m e r c h a n t s "; "financing agency". 28:2—105. Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit". 28:2—106. Definitions: "contract"; "agreement"; "contract for sale"; " s a l e "; "present s a l e "; "conforming" to contract; " termination "; "cancellation". 28:2—107. Goods to be severed from r e a l t y: recording. P A R T 2 — FOR M, FORMATION AND R E ADJUSTMENT OF CONTRACT

28:2—201. 28:2—^202. 28:2—203. 28:2—204. 28:2—205. 28:2—206. 28:2—207. 28:2—208. 28:2—209. 28:2—210.

For m a l requirements; statute of frauds. F i n a l w r i t t e n expression; parol or extrinsic evidence. Seals inoperative. Formation in general. F i r m offers. Offer and acceptance in formation of contract. Additional terms in acceptance or confirmation. Course of performance or practical construction. Modification, rescission and waiver. Delegation of performance; assignment of rights.

P A R T 3—GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT

28:2—301. 28:2—302. 28:2—303. 28:2—304. 28:2—^05. 28:2—306. 28:2—307. 2&:2—308. 28:2—309. 28:2—310. 28:2—311. 28:2—312. 28:2—313. 28:2—314. 28:2—315. 28:2—316. 28:2—317.

General obligations of parties. Unconscionable contract or clause. Allocation or division of risks. Price payable in money, goods, realty, or otherwise. Open price term, Output, requirements and exclusive dealings. Delivery in single lot or several lots. Absence of specified place for delivery. Absence of specific time provisions; notice of termination. Open time for payment or running of c r e d i t; authority to ship under reservation. Options and cooperation respecting performance. W a r r a n t y of title and against infringement; buyer's obligation against infringement. E x p r e s s w a r r a n t i e s by afiirmation, promise, description, sample. Implied w a r r a n t y: merchaBtability; usage of trade. Implied w a r r a n t y: fitness for part i c u l a r purpose. Exclusion or modification of w a r r a n t i e s. Cumulation and conflict of w a r r a n t i e s express or implied.

637

�