Sec. 42a-1-103. Construction of title to promote its purposes and policies; applicability of supplemental principles of law. - Connecticut Statutes

      Sec. 42a-1-103. Construction of title to promote its purposes and policies; applicability of supplemental principles of law. (a) This title 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 this title, 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.

      (1959, P.A. 133, S. 1-103; P.A. 05-109, S. 3.)

      History: P.A. 05-109 amended section to adopt the 2001 Revision of Uniform Commercial Code Article 1-General Provisions.

      Annotations to former statute (1958 Rev., S. 42-2):

      If infant has disposed of property, he need not return or account for proceeds if he pleads infancy to a suit for the purchase price; aliter if he has specific goods purchased in his possession and ownership. 108 C. 531. Cited. 153 C. 681, 687 (fn).

      Mother's funeral expenses not necessity of the child. 14 CS 275.

      Annotations to present section:

      Cited. 166 C. 280. Cited. 171 C. 63. Cited. 183 C. 266. Cited. 184 C. 607. Cited. 202 C. 106.

      Cited. 14 CA 481.