Idaho State Statutes - Idaho Attorney Directory

CONSTRUCTION OF UNIFORM COMMERCIAL CODE TO PROMOTE ITS PURPOSES
AND POLICIES -- APPLICABILITY OF SUPPLEMENTAL PRINCIPLES OF LAW. (a) The
uniform commercial code shall be liberally construed 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 of the parties; and
(3) To make uniform the law among the various jurisdictions.
(b) Unless displaced by the particular provisions of the uniform
commercial code, the principles of law and equity, including the law merchant
and the law relative to capacity to contract, principal and agent, estoppel,
fraud, misrepresentation, duress, coercion, mistake, bankruptcy, and other
validating or invalidating cause supplement its provisions.

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