Scope of article

This article shall apply to a transaction to the extent that it is governed by another article of this title. tive January 1, 2016, redesignated former Code Section 11-1-102 as present Code Section 11-1-103. History. Code 1981, § 11-1-102, enacted by Ga. L. 2015, p. 996, § 3A-1/SB 65. Editor’s notes. Ga. L. 2015, p. 996, § 3A-1/SB 65, effec- 4 11-1-103 11-1-103. Rules of construction to promote 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 shall supplement its provisions. History. Code 1933, § 109A-1-102, enacted by Ga. L. 1962, p. 156, § 1; Code 1981, § 111-103, as redesignated by Ga. L. 2015, p. 996, § 3A-1/SB 65. Editor’s notes. Former Code Section 11-1-103, pertaining to supplementary general principles of law applicable, was repealed by Ga. L. 2015, p. 996, § 3A-1/SB 65, effective January 1, 2016. The former Code section was based on Ga. L. 1962, p. 156, § 1.