Allocation or division of risks

810 ILCS 5/2-303 — under Uniform Commercial Code.

810 ILCS 5/2-303

(810 ILCS 5/2-303) (from Ch. 26, par. 2-303)

Sec. 2-303. Allocation or division of risks.

Where this Article allocates a risk or a burden as between the parties "unless otherwise agreed", the agreement may not only shift the allocation but may also divide the risk or burden.

(Source: Laws 1961, p. 2101.)