400.1-102. Purposes--rules of construction--variation by agreement. - Missouri Statutes

Purposes--rules of construction--variation by agreement.

400.1-102. (1) This chapter shall be liberally construedand applied to promote its underlying purposes and policies.

(2) Underlying purposes and policies of this chapter are

(a) to simplify, clarify and modernize the law governingcommercial transactions;

(b) to permit the continued expansion of commercialpractices through custom, usage and agreement of the parties;

(c) to make uniform the law among the various jurisdictions.

(3) The effect of provisions of this chapter may be variedby agreement, except as otherwise provided in this chapter andexcept that the obligations of good faith, diligence,reasonableness and care prescribed by this chapter may not bedisclaimed by agreement but the parties may by agreementdetermine the standards by which the performance of suchobligations is to be measured if such standards are notmanifestly unreasonable.

(4) The presence in certain provisions of this chapter ofthe words "unless otherwise agreed" or words of similar importdoes not imply that the effect of other provisions may not bevaried by agreement under subsection (3).

(5) In this chapter unless the context otherwise requires

(a) words in the singular number include the plural, and inthe plural include the singular;

(b) words of the masculine gender include the feminine andthe neuter, and when the sense so indicates words of the neutergender may refer to any gender.

(L. 1963 p. 503 § 1-102)