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Ohio Statutes, Title 13

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Title 13, Title 13. Commercial Transactions

39 chapters · 1,479 sections in this title.

All chapters in Title 131,479 Ch 1309, Chapter 1309 | Secured Transactions143 Ch 1321, Chapter 1321 | Various Loans109 Ch 1302, Chapter 1302 | Sales97 Ch 1310, Chapter 1310 | Leases78 Ch 1311, Chapter 1311 | Liens77 Ch 1304, Chapter 1304 | Bank Deposits And Col…74 Ch 1345, Chapter 1345 | Consumer Sales Practices69 Ch 1333, Chapter 1333 | Trade Practices67 Ch 1303, Chapter 1303 | Commercial Paper66 Ch 1337, Chapter 1337 | Power Of Attorney62 Ch 1349, Chapter 1349 | Consumer Protection61 Ch 1313, Chapter 1313 | Voluntary Assignments56 Ch 1308, Chapter 1308 | Investment Securities49 Ch 1329, Chapter 1329 | Labels And Marks45

1,479 sections·Filtered byTitle 13✕

Ohio Rev. Code Ann. § 1301.101 Short titles - UCC 1-101
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Short titles [UCC 1-101] (A) Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code may be cited as the Uniform Commercial Code.(B) Sections 1301.101 to 1301.310 of the Revised Code may be cited as Uniform Commercial Code - General Provisio…
Ohio Rev. Code Ann. § 1301.102 Scope of chapter 1301 - UCC 1-102
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Scope of Chapter 1301. [UCC 1-102] Sections 1301.101 to 1301.310 of the Revised Code apply to a transaction to the extent that it is governed by Chapter 1302., 1303., 1304., 1305., 1307., 1308., 1309., or 1310. of the Revised Code.
Ohio Rev. Code Ann. § 1301.103 Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law - UCC 1-103
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Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law [UCC 1-103] (A) Chapters 1301., 1302., 1303., 1304, 1305., 1307., 1308., 1309., and 1310. of the Revised Code must be liberally construed and applied to p…
Ohio Rev. Code Ann. § 1301.104 Construction against implied repeal - UCC 1-104
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Construction against implied repeal [UCC 1-104] Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code being a general act intended as a unified coverage of its subject matter, no part of it shall be deemed to be impliedly repealed by subse…

Ohio Rev. Code Ann. § 1301.105 Severability - UCC 1-105

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Severability [UCC 1-105] If any provision or clause of Chapter 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., or 1310. of the Revised Code or its application to any person or circumstance is held invalid, the invalidity does not affect other provisions or applications of…

Ohio Rev. Code Ann. § 1301.106 Use of singular and plural; gender - UCC 1-106

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Use of singular and plural; gender [UCC 1-106] In Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code, unless the statutory context otherwise requires:(A) Words in the singular number include the plural, and those in the plural include t…

Ohio Rev. Code Ann. § 1301.107 Section captions - UCC 1-107

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Section captions [UCC 1-107] Section captions are part of Chapters 1301. and 1307. of the Revised Code.

Ohio Rev. Code Ann. § 1301.108 Relation to Electronic Signatures in Global and National Commerce Act - UCC 1-108

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Relation to Electronic Signatures in Global and National Commerce Act [UCC 1-108] This chapter modifies, limits, and supersedes the federal "Electronic Signatures in Global and National Commerce Act," 15 U.S.C. section 7001 et seq., except that nothing in this chapter modifies, l…

Ohio Rev. Code Ann. § 1301.201 General definitions - UCC 1-201

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General definitions [UCC 1-201] (A) Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in Chapter 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., or 1310. of the Revised Code, that apply to particula…

Ohio Rev. Code Ann. § 1301.202 Notice; knowledge - UCC 1-202

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Notice; knowledge [UCC 1-202] (A) Subject to division (F) of this section, a person has "notice" of a fact if the person:(1) Has actual knowledge of it;(2) Has received a notice or notification of it; or(3) From all the facts and circumstances known to the person at the time in q…

Ohio Rev. Code Ann. § 1301.203 Lease distinguished from security interest - UCC 1-203

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Lease distinguished from security interest [UCC 1-203] (A) Whether a transaction in the form of a lease creates a lease or security interest is determined by the facts of each case.(B) A transaction in the form of a lease creates a security interest if the consideration that the …

Ohio Rev. Code Ann. § 1301.204 Value - UCC 1-204

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Value [UCC 1-204] Except as otherwise provided in Chapters 1303., 1304., and 1305. of the Revised Code, a person gives value for rights if the person acquires them:(A) In return for a binding commitment to extend credit or for the extension of immediately available credit, whethe…

Ohio Rev. Code Ann. § 1301.205 Reasonable time; Seasonableness [UCC 1-205]

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Reasonable time; Seasonableness [UCC 1-205] (A) Whether a time for taking an action required by Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code is reasonable depends on the nature, purpose, and circumstances of the action.(B) An acti…

Ohio Rev. Code Ann. § 1301.206 Presumptions - UCC 1-206

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Presumptions [UCC 1-206] Whenever Chapter 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., or 1310. of the Revised Code creates a "presumption" with respect to a fact, or provides that a fact is "presumed," the trier of fact must find the existence of the fact unless and u…

Ohio Rev. Code Ann. § 1301.301 Territorial applicability; parties' power to choose applicable law - UCC 1-301

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Territorial applicability; parties' power to choose applicable law [UCC 1-301] (A) Except as otherwise provided in this section, when a transaction bears a reasonable relation to this state and also to another state or nation the parties may agree that the law either of this stat…

Ohio Rev. Code Ann. § 1301.302 Variation by agreement - UCC 1-302

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Variation by agreement [UCC 1-302] (A) Except as otherwise provided in division (B) of this section or elsewhere in Chapter 1301., 1303., 1304., 1305., 1307., 1308., 1309., or 1310. of the Revised Code, the effect of provisions of Chapters 1301., 1303., 1304., 1305., 1307., 1308.…

Ohio Rev. Code Ann. § 1301.303 Course of performance, course of dealing, and usage of trade - UCC 1-303

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Course of performance, course of dealing, and usage of trade [UCC 1-303] (A) A "course of performance" is a sequence of conduct between the parties to a particular transaction that exists if:(1) The agreement of the parties with respect to the transaction involves repeated occasi…

Ohio Rev. Code Ann. § 1301.304 Obligation of good faith - UCC 1-304

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Obligation of good faith [UCC 1-304] Every contract or duty within Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code imposes an obligation of good faith in its performance and enforcement.

Ohio Rev. Code Ann. § 1301.305 Remedies to be liberally administered - UCC 1-305

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Remedies to be liberally administered [UCC 1-305] (A) The remedies provided by Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code must be liberally administered to the end that the aggrieved party may be put in as good a position as if …

Ohio Rev. Code Ann. § 1301.306 Waiver or renunciation of claim or right after breach - UCC 1-306

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Waiver or renunciation of claim or right after breach [UCC 1-306] A claim or right arising out of an alleged breach may be discharged in whole or in part without consideration by agreement of the aggrieved party in an authenticated record.

Ohio Rev. Code Ann. § 1301.307 Prima facie evidence by third-party documents - UCC 1-307

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Prima facie evidence by third-party documents [UCC 1-307] A document in due form purporting to be a bill of lading, policy or certificate of insurance, official weigher's or inspector's certificate, consular invoice, or any other document authorized or required by the contract to…

Ohio Rev. Code Ann. § 1301.308 Performance or acceptance under reservation of rights - UCC 1-308

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Performance or acceptance under reservation of rights [UCC 1-308] (A) A party that with explicit reservation of rights performs or promises performance or assents to performance in a manner demanded or offered by the other party does not thereby prejudice the rights reserved. Suc…

Ohio Rev. Code Ann. § 1301.309 Option to accelerate at will - UCC 1-309

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Option to accelerate at will [UCC 1-309] A term providing that one party or that party's successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or when the party "deems itself insecure," or in words of similar import, …

Ohio Rev. Code Ann. § 1301.310 Subordinated obligations - UCC 1-310

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Subordinated obligations [UCC 1-310] An obligation may be issued as subordinated to performance of another obligation of the person obligated, or a creditor may subordinate its right to performance of an obligation by agreement with either the person obligated or another creditor…

Ohio Rev. Code Ann. § 1301.311 Transactions entered into before 7-1-62 - UCC 10-102(2)

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Transactions entered into before 7-1-62 [UCC 10-102(2)] Transactions validly entered into before July 1, 1962, and the rights, duties, and interests flowing from them remain valid after that date and may be terminated, completed, consummated, or enforced as required or permitted …

Ohio Rev. Code Ann. § 1301.401 Effect of recording documents

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(A) For purposes of this section, "public record" means either of the following: (1) Any document described or referred to in section 317.08 of the Revised Code;(2) Any document the filing or recording of which is required or allowed under any provision of Chapter 1309. of the Re…

Ohio Rev. Code Ann. § 1302.01 Definitions - UCC 2-103 to 2-106

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(A) As used in sections 1302.01 to 1302.98 of the Revised Code, unless the context otherwise requires: (1) "Buyer" means a person who buys or contracts to buy goods.(2) "Good faith" has the same meaning as in section 1301.201 of the Revised Code.(3) "Receipt" of goods means takin…

Ohio Rev. Code Ann. § 1302.02 Scope - certain security and other transactions excluded - UCC 2-102

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Unless the context otherwise requires, sections 1302.01 to 1302.98, inclusive, of the Revised Code, apply to transactions in goods; they do not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as …

Ohio Rev. Code Ann. § 1302.03 Goods to be severed from realty - recording - UCC 2-107

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(A) A contract for the sale of minerals or the like, including oil and gas, or a structure or its materials to be removed from realty is a contract for the sale of goods within sections 1302.01 to 1302.98 of the Revised Code, if they are to be severed by the seller but until seve…

Ohio Rev. Code Ann. § 1302.04 Formal requirements - statute of frauds - UCC 2-201

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(A) Except as otherwise provided in this section a contract for the sale of goods for the price of five hundred dollars or more is not enforceable by way of action or defense unless there is some writing sufficient to indicate that a contract for sale has been made between the pa…

Ohio Rev. Code Ann. § 1302.05 Final written expression - parol or extrinsic evidence - UCC 2-202

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Terms with respect to which the confirmatory memoranda of the parties agree or which are otherwise set forth in a writing intended by the parties as a final expression of their agreement with respect to such terms as are included therein may not be contradicted by evidence of any…

Ohio Rev. Code Ann. § 1302.06 Seals inoperative - UCC 2-203

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The affixing of a seal to a writing evidencing a contract for sale or an offer to buy or sell goods does not constitute the writing a sealed instrument and the law with respect to sealed instruments does not apply to such a contract or offer.

Ohio Rev. Code Ann. § 1302.07 Formation in general - UCC 2-204

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(A) A contract for sale of goods may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of such a contract.(B) An agreement sufficient to constitute a contract for sale may be found even though the moment of its ma…

Ohio Rev. Code Ann. § 1302.08 Firm offers - UCC 2-205

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An offer by a merchant to buy or sell goods in a signed writing which by its terms gives assurance that it will be held open is not revocable, for lack of consideration, during the time stated or if no time is stated for a reasonable time, but in no event may such period of irrev…

Ohio Rev. Code Ann. § 1302.09 Offer and acceptance in formation of contract - UCC 2-206

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(A) Unless otherwise unambiguously indicated by the language or circumstances:(1) an offer to make a contract shall be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances;(2) an order or other offer to buy goods for prompt or current s…

Ohio Rev. Code Ann. § 1302.10 Additional terms in acceptance or confirmation - UCC 2-207

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(A) A definite and seasonable expression of acceptance or a written confirmation that is sent within a reasonable time operates as an acceptance even though it states terms additional or different from those offered or agreed upon, unless acceptance is expressly made conditional …

Ohio Rev. Code Ann. § 1302.12 Modification, rescission, and waiver - UCC 2-209

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(A) An agreement modifying a contract within sections 1302.01 to 1302.98, inclusive, of the Revised Code, needs no consideration to be binding.(B) A signed agreement which excludes modification or rescission except by a signed writing cannot be otherwise modified or rescinded, bu…

Ohio Rev. Code Ann. § 1302.13 Delegation of performance - assignment of rights - UCC 2-210

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(A) A party may perform the party's duty through a delegate unless otherwise agreed or unless the other party has a substantial interest in having the original promisor perform or control the acts required by the contract. No delegation of performance relieves the party delegatin…

Ohio Rev. Code Ann. § 1302.14 General obligations of parties - UCC 2-301

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The obligation of the seller is to transfer and deliver and that of the buyer is to accept and pay in accordance with the contract.

Ohio Rev. Code Ann. § 1302.15 Unconscionable contract or clause - UCC 2-302

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(A) If the court as a matter of law finds the contract or any clause of the contract to have been unconscionable at the time it was made the court may refuse to enforce the contract or it may enforce the remainder of the contract without the unconscionable clause, or it may so li…

Ohio Rev. Code Ann. § 1302.16 Allocation or division of risks - UCC 2-303

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Where the provisions of sections 1302.01 to 1302.98, inclusive, of the Revised Code allocate 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.

Ohio Rev. Code Ann. § 1302.17 Price payable in money, goods, realty, or otherwise - UCC 2-304

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(A) The price can be made payable in money or otherwise. If it is payable in whole or in part in goods each party is a seller of the goods which he is to transfer.(B) Even though all or part of the price is payable in an interest in realty the transfer of the goods and the seller…

Ohio Rev. Code Ann. § 1302.18 Open price term - UCC 2-305

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(A) The parties if they so intend can conclude a contract for sale even though the price is not settled. In such a case the price is a reasonable price at the time for delivery if: (1) nothing is said as to price; or(2) the price is left to be agreed by the parties and they fail …

Ohio Rev. Code Ann. § 1302.19 Output, requirements, and exclusive dealings - UCC 2-306

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(A) A term which measures the quantity by the output of the seller or the requirements of the buyer means such actual output or requirements as may occur in good faith, except that no quantity unreasonably disproportionate to any stated estimate or in the absence of a stated esti…

Ohio Rev. Code Ann. § 1302.20 Delivery in single lot or several lots - UCC 2-307

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Unless otherwise agreed all goods called for by a contract for sale must be tendered in a single delivery and payment is due only on such tender but where the circumstances give either party the right to make or demand delivery in lots the price if it can be apportioned may be de…

Ohio Rev. Code Ann. § 1302.21 Absence of specified place for delivery - UCC 2-308

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Unless otherwise agreed:(A) the place for delivery of goods is the seller's place of business or if he has none his residence; but(B) in a contract for sale of identified goods which to the knowledge of the parties at the time of contracting are in some other place, that place is…

Ohio Rev. Code Ann. § 1302.22 Absence of specific time provisions - notice of termination - UCC 2-309

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(A) The time for shipment or delivery or any other action under a contract if not provided in sections 1302.01 to 1302.98, inclusive, of the Revised Code or agreed upon shall be a reasonable time.(B) Where the contract provides for successive performances but is indefinite in dur…

Ohio Rev. Code Ann. § 1302.23 Open time for payment or running of credit - authority to ship under reservation - UCC 2-310

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Unless otherwise agreed: (A) Payment is due at the time and place at which the buyer is to receive the goods even though the place of shipment is the place of delivery; and(B) if the seller is authorized to send the goods the seller may ship them under reservation, and may tender…

Ohio Rev. Code Ann. § 1302.24 Options and cooperation respecting performance - UCC 2-311

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(A) An agreement for sale which is otherwise sufficiently definite as provided in division (C) of section 1302.07 of the Revised Code to be a contract is not made invalid by the fact that it leaves particulars of performance to be specified by one of the parties. Any such specifi…

Ohio Rev. Code Ann. § 1302.25 Warranty of title and against infringement - buyer's obligation against infringement - UCC 2-312

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(A) Subject to division (B) of this section there is in a contract for sale a warranty by the seller that:(1) The title conveyed shall be good, and its transfer rightful; and(2) the goods shall be delivered free from any security interest or other lien or encumbrance of which the…