reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.1-307 - Prima facie evidence of third-party documents.

Title XXVI TRADE AND COMMERCE
Chapter 400
Effective - 28 Aug 2017
400.1-307. Prima facie evidence of third-party documents. —
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 be issued by a third party is prima facie evidence of its own authenticity and genuineness and of the facts stated in the document by the third party.
­­--------
(L. 2017 H.B. 34)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.1-308 - Performance or acceptance under reservation of rights.

Title XXVI TRADE AND COMMERCE
Chapter 400
Effective - 28 Aug 2017
400.1-308. Performance or acceptance under reservation of rights. —
(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. Such words as "without prejudice", "under protest", or the like are sufficient.
(b) Subsection (a) does not apply to an accord and satisfaction.
­­--------
(L. 2017 H.B. 34)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.1-309 - Option to accelerate at will.

Title XXVI TRADE AND COMMERCE
Chapter 400
Effective - 28 Aug 2017
400.1-309. Option to accelerate at will. —
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 words of similar import, means that the party has power to do so only if that party in good faith believes that the prospect of payment or performance is impaired. The burden of establishing lack of good faith is on the party against which the power has been exercised.
­­--------
(L. 2017 H.B. 34)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.1-310 - Subordinated obligations.

Title XXVI TRADE AND COMMERCE
Chapter 400
Effective - 28 Aug 2017
400.1-310. Subordinated obligations. —
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 of the person obligated. Subordination does not create a security interest as against either the common debtor or a subordinated creditor.
­­--------
(L. 2017 H.B. 34)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-101 - Short title.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-101. Short title. —
This article shall be known and may be cited as "Uniform Commercial Code — Sales".
­­--------
(L. 1963 p. 503 § 2-101)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-102 - Scope — certain security and other transactions excluded from this article.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-102. Scope — certain security and other transactions excluded from this article. —
Unless the context otherwise requires, this article applies to transactions in goods; it does 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 a security transaction nor does this article impair or repeal any statute regulating sales to consumers, farmers or other specified classes of buyers.
­­--------
(L. 1963 p. 503 § 2-102)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-103 - Definitions and index of definitions.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 01 Jul 2001, see footnote
400.2-103. Definitions and index of definitions. —
(1) In this article unless the context otherwise requires
(a)
"Buyer"
means a person who buys or contracts to buy goods.
(b)
"Good faith"
in the case of a merchant means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.
(c)
"Receipt"
of goods means taking physical possession of them.
(d)
"Seller"
means a person who sells or contracts to sell goods.
(2) Other definitions applying to this article or to specified parts thereof, and the sections in which they appear are:
"Acceptance".
Section 400.2-606.
"Banker's credit".
Section 400.2-325.
"Between merchants".
Section 400.2-104.
"Cancellation".
Section 400.2-106(4).
"Commercial unit".
Section 400.2-105.
"Confirmed credit".
Section 400.2-325.
"Conforming to contract".
Section 400.2-106.
"Contract for sale".
Section 400.2-106.
"Cover".
Section 400. 2-712.
"Entrusting".
Section 400.2-403.
"Financing agency".
Section 400.2-104.
"Future goods".
Section 400.2-105.
"Goods".
Section 400.2-105.
"Identification".
Section 400.2-501.
"Installment contract".
Section 400.2-612.
"Letter of credit".
Section 400.2-325.
"Lot".
Section 400.2-105.
"Merchant".
Section 400.2-104.
"Overseas".
Section 400.2-323.
"Person in position of seller".
Section 400.2-707.
"Present sale".
Section 400.2-106.
"Sale".
Section 400.2-106.
"Sale on approval".
Section 400.2-326.
"Sale or return".
Section 400.2-326.
"Termination".
Section 400.2-106.
(3) The following definitions in other articles apply to this article:
"Check".
Section 400.3-104.
"Consignee".
Section 400.7-102.
"Consignor".
Section 400.7-102.
"Consumer goods".
Section 400.9-102.
"Dishonor".
Section 400.3-502.
"Draft".
Section 400.3-104.
(4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article.
­­--------
(L. 1963 p. 503 § 2-103, A.L. 2001 S.B. 288)
Effective 7-01-01
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-104 - Definitions — "merchant" — "between merchants" — "financing agency".

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-104. Definitions — "merchant" — "between merchants" — "financing agency". —
(1)
"Merchant"
means a person who deals in goods of the kind or otherwise by his occupation holds himself out as having knowledge or skill peculiar to the practices or goods involved in the transaction or to whom such knowledge or skill may be attributed by his employment of an agent or broker or other intermediary who by his occupation holds himself out as having such knowledge or skill.
(2)
"Financing agency"
means a bank, finance company or other person who in the ordinary course of business makes advances against goods or documents of title or who by arrangement with either the seller or the buyer intervenes in ordinary course to make or collect payment due or claimed under the contract for sale, as by purchasing or paying the seller's draft or making advances against it or by merely taking it for collection whether or not documents of title accompany the draft. "Financing agency" includes also a bank or other person who similarly intervenes between persons who are in the position of seller and buyer in respect to the goods (section 400.2-707).
(3)
"Between merchants"
means in any transaction with respect to which both parties are chargeable with the knowledge or skill of merchants.
­­--------
(L. 1963 p. 503 § 2-104)
(1977) A farmer is not necessarily a merchant but if a prior course of dealings indicates familiarity with business practices it may be sufficient to establish his status as a "merchant". Rush Johnson Farms, Inc. v. Mo. Farmers Association (A.), 555 S.W.2d 61.
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-105 - Definitions — transferability — "goods" — "future" goods — "lot" — "commercial unit".

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-105. Definitions — transferability — "goods" — "future" goods — "lot" — "commercial unit". —
(1)
"Goods"
means all things (including specially manufactured goods) which are movable at the time of identification to the contract for sale other than the money in which the price is to be paid, investment securities (article 8) and things in action. "Goods" also includes the unborn young of animals and growing crops and other identified things attached to realty as described in the section on goods to be severed from realty (section 400.2-107).
(2) Goods must be both existing and identified before any interest in them can pass. Goods which are not both existing and identified are
"future"
goods. A purported present sale of future goods or of any interest therein operates as a contract to sell.
(3) There may be a sale of a part interest in existing identified goods.
(4) An undivided share in an identified bulk of fungible goods is sufficiently identified to be sold although the quantity of the bulk is not determined. Any agreed proportion of such a bulk or any quantity thereof agreed upon by number, weight or other measure may to the extent of the seller's interest in the bulk be sold to the buyer who then becomes an owner in common.
(5)
"Lot"
means a parcel or a single article which is the subject matter of a separate sale or delivery, whether or not it is sufficient to perform the contract.
(6)
"Commercial unit"
means such a unit of goods as by commercial usage is a single whole for purposes of sale and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article (as a machine) or a set of articles (as a suite of furniture or an assortment of sizes) or a quantity (as a bale, gross, or carload) or any other unit treated in use or in the relevant market as a single whole.
­­--------
(L. 1963 p. 503 § 2-105)
(1979) Sale of used or second-hand goods is covered by provisions of the Uniform Commercial Code and an implied warranty of merchantability may arise. Worthey, et al. v. Specialty Form Products, Inc. (A.), 591 S.W.2d 145.
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-106 - Definitions — "contract" — "agreement" — "contract for sale" — "sale" — "present sale" — "conforming" to contract — "termination" — "cancellation".

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-106. Definitions — "contract" — "agreement" — "contract for sale" — "sale" — "present sale" — "conforming" to contract — "termination" — "cancellation". —
(1) In this article unless the context otherwise requires
"contract"
and
"agreement"
are limited to those relating to the present or future sale of goods.
"Contract for sale"
includes both a present sale of goods and a contract to sell goods at a future time. A
"sale"
consists in the passing of title from the seller to the buyer for a price (section 400.2-401). A
"present"
means a sale which is accomplished by the making of the contract.
(2) Goods or conduct including any part of a performance are
"conforming"
or conform to the contract when they are in accordance with the obligations under the contract.
(3)
"Termination"
occurs when either party pursuant to a power created by agreement or law puts an end to the contract otherwise than for its breach. On "termination" all obligations which are still executory on both sides are discharged but any right based on prior breach or performance survives.
(4)
"Cancellation"
occurs when either party puts an end to the contract for breach by the other and its effect is the same as that of "termination" except that the cancelling party also retains any remedy for breach of the whole contract or any unperformed balance.
­­--------
(L. 1963 p. 503 § 2-106)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-107 - Goods to be severed from realty — recording.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 01 Jan 1989, see footnote
400.2-107. Goods to be severed from realty — recording. —
(1) A contract for the sale of minerals or the like (including gas and oil) or a structure or its materials to be removed from realty is a contract for the sale of goods within this article if they are to be severed by the seller but until severance a purported present sale thereof which is not effective as a transfer of an interest in land is effective only as a contract to sell.
(2) A contract for the sale apart from the land of growing crops or other things attached to realty and capable of severance without material harm thereto but not described in subsection (1) or of timber to be cut is a contract for the sale of goods within this article whether the subject matter is to be severed by the buyer or by the seller even though it forms part of the realty at the time of contracting, and the parties can by identification effect a present sale before severance.
(3) The provisions of this section are subject to any third party rights provided by the law relating to realty records, and the contract for sale may be executed and recorded as a document transferring an interest in land and shall then constitute notice to third parties of the buyer's rights under the contract for sale.
­­--------
(L. 1963 p. 503 § 2-107, A.L. 1988 S.B. 583)
Effective 1-01-89
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-201 - Formal requirements — statute of frauds.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-201. Formal requirements — statute of frauds. —
(1) 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 parties and signed by the party against whom enforcement is sought or by his authorized agent or broker. A writing is not insufficient because it omits or incorrectly states a term agreed upon but the contract is not enforceable under this paragraph beyond the quantity of goods shown in such writing.
(2) Between merchants if within a reasonable time a writing in confirmation of the contract and sufficient against the sender is received and the party receiving it has reason to know its contents, it satisfies the requirements of subsection (1) against such party unless written notice of objection to its contents is given within ten days after it is received.
(3) A contract which does not satisfy the requirements of subsection (1) but which is valid in other respects is enforceable
(a) if the goods are to be specially manufactured for the buyer and are not suitable for sale to others in the ordinary course of the seller's business and the seller, before notice of repudiation is received and under circumstances which reasonably indicate that the goods are for the buyer, has made either a substantial beginning of their manufacture or commitments for their procurement; or
(b) if the party against whom enforcement is sought admits in his pleading, testimony or otherwise in court that a contract for sale was made but the contract is not enforceable under this provision beyond the quantity of goods admitted; or
(c) with respect to goods for which payment has been made and accepted or which have been received and accepted (section 400.2-606).
­­--------
(L. 1963 p. 503 § 2-201)
(1979) Sale of used or second-hand goods is covered by provisions of the Uniform Commercial Code and an implied warranty of merchantability may arise. Worthey, et al. v. Specialty Foam Products, Inc. (A.), 591 S.W.2d 145.
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-202 - Final written expression — parol or extrinsic evidence.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-202. Final written expression — parol or extrinsic evidence. —
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 prior agreement or of a contemporaneous oral agreement but may be explained or supplemented
(a) by course of dealing or usage of trade (section 400.1-205) or by course of performance (section 400.2-208); and
(b) by evidence of consistent additional terms unless the court finds the writing to have been intended also as a complete and exclusive statement of the terms of the agreement.
­­--------
(L. 1963 p. 503 § 2-202)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-203 - Seals inoperative.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-203. Seals inoperative. —
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.
­­--------
(L. 1963 p. 503 § 2-203)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-204 - Formation in general.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-204. Formation in general. —
(1) 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.
(2) An agreement sufficient to constitute a contract for sale may be found even though the moment of its making is undetermined.
(3) Even though one or more terms are left open a contract for sale does not fail for indefiniteness if the parties have intended to make a contract and there is a reasonably certain basis for giving an appropriate remedy.
­­--------
(L. 1963 p. 503 § 2-204)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-205 - Firm offers.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-205. Firm offers. —
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 irrevocability exceed three months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
­­--------
(L. 1963 p. 503 § 2-205)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-206 - Offer and acceptance in formation of contract.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-206. Offer and acceptance in formation of contract. —
(1) Unless otherwise unambiguously indicated by the language or circumstances
(a) an offer to make a contract shall be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances;
(b) an order or other offer to buy goods for prompt or current shipment shall be construed as inviting acceptance either by a prompt promise to ship or by the prompt or current shipment of conforming or nonconforming goods, but such a shipment of nonconforming goods does not constitute an acceptance if the seller seasonably notifies the buyer that the shipment is offered only as an accommodation to the buyer.
(2) Where the beginning of a requested performance is a reasonable mode of acceptance an offeror who is not notified of acceptance within a reasonable time may treat the offer as having lapsed before acceptance.
­­--------
(L. 1963 p. 503 § 2-206)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-207 - Additional terms in acceptance or confirmation.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-207. Additional terms in acceptance or confirmation. —
(1) A definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time operates as an acceptance even though it states terms additional to or different from those offered or agreed upon, unless acceptance is expressly made conditional on assent to the additional or different terms.
(2) The additional terms are to be construed as proposals for addition to the contract. Between merchants such terms become part of the contract unless:
(a) the offer expressly limits acceptance to the terms of the offer;
(b) they materially alter it; or
(c) notification of objection to them has already been given or is given within a reasonable time after notice of them is received.
(3) Conduct by both parties which recognizes the existence of a contract is sufficient to establish a contract for sale although the writings of the parties do not otherwise establish a contract. In such case the terms of the particular contract consist of those terms on which the writings of the parties agree, together with any supplementary terms incorporated under any other provisions of this chapter.
­­--------
(L. 1963 p. 503 § 2-207)
(1975) Where seller acknowledged buyer's purchase order which did not agree to sell exactly what buyer offered to buy an acceptance was effected. Steward-Decatur Security System v. Von Weise Gear Co. (C.A. M0), 517 F.2d 1136.
(1981) Buyer's purchase order containing general reference to seller's price quotation document was a definite and reasonable expression of acceptance within purview of Uniform Commercial Code, despite fact that purchase order contained additional handwritten warranty clause. Boese-Hilburn Co. v. Dean Machinery Co. (A.), 616 S.W.2d 520.
(1981) An acceptance which merely implies that it is "conditional" on an offeror's assent to a different or additional provision is insufficient to convert an acceptance into a rejection and a counteroffer. Boese-Hilburn Co. v. Dean Machinery Co. (A.), 616 S.W.2d 520.
(1981) Applicability of subdivision (2) of section 400.2-207 does not turn upon characterization of varying terms of acceptance as "additional" or "different". Boese-Hilburn Co. v. Dean Machinery Co. (A.), 616 S.W.2d 520.
(1981) Inclusion of a warranty clause where none previously existed and was expressly disclaimed constitutes a "material" alteration. Boese-Hilburn Co. v. Dean Machinery Co. (A.), 616 S.W.2d 520.
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-208 - Course of performance or practical construction.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-208. Course of performance or practical construction. —
(1) Where the contract for sale involves repeated occasions for performance by either party with knowledge of the nature of the performance and opportunity for objection to it by the other, any course of performance accepted or acquiesced in without objection shall be relevant to determine the meaning of the agreement.
(2) The express terms of the agreement and any such course of performance, as well as any course of dealing and usage of trade, shall be construed whenever reasonable as consistent with each other; but when such construction is unreasonable, express terms shall control course of performance and course of performance shall control both course of dealing and usage of trade (section 400.1-205).
(3) Subject to the provisions of section 400.2-209 on modification and waiver, such course of performance shall be relevant to show a waiver or modification of any term inconsistent with such course of performance.
­­--------
(L. 1963 p. 503 § 2-208)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-209 - Modification, rescission and waiver.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-209. Modification, rescission and waiver. —
(1) An agreement modifying a contract within this article needs no consideration to be binding.
(2) A signed agreement which excludes modification or rescission except by a signed writing cannot be otherwise modified or rescinded, but except as between merchants such a requirement on a form supplied by the merchant must be separately signed by the other party.
(3) The requirements of the statute of frauds section of this article (section 400.2-201) must be satisfied if the contract as modified is within its provisions.
(4) Although an attempt at modification or rescission does not satisfy the requirements of subsection (2) or (3) it can operate as a waiver.
(5) A party who has made a waiver affecting an executory portion of the contract may retract the waiver by reasonable notification received by the other party that strict performance will be required of any term waived, unless the retraction would be unjust in view of a material change of position in reliance on the waiver.
­­--------
(L. 1963 p. 503 § 2-209)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-210 - Delegation of performance — assignment of rights.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 01 Jul 2001, see footnote
400.2-210. Delegation of performance — assignment of rights. —
(1) A party may perform his or her duty through a delegate unless otherwise agreed or unless the other party has a substantial interest in having his or her original promisor perform or control the acts required by the contract. No delegation of performance relieves the party delegating of any duty to perform or any liability for breach.
(2) Unless otherwise agreed all rights of either seller or buyer can be assigned except where the assignment would materially change the duty of the other party, or increase materially the burden or risk imposed on him or her by his or her contract, or impair materially his or her chance of obtaining return performance. A right to damages for breach of the whole contract or a right arising out of the assignor's due performance of his or her entire obligation can be assigned despite agreement otherwise.
(3) The creation, attachment, perfection or enforcement of a security interest in the seller's interest under a contract is not a transfer that materially changes the duty of or increases materially the burden or risk imposed on the buyer or impairs materially the buyer's chance of obtaining return performance within the purview of subsection (2) of this section unless, and then only to the extent that, enforcement actually results in a delegation of material performance of the seller. Even in that event, the creation, attachment, perfection and enforcement of the security interest remain effective, but (i) the seller is liable to the buyer for damages caused by the delegation to the extent that the damages could not reasonably be prevented by the buyer, and (ii) a court having jurisdiction may grant other appropriate relief, including cancellation of the contract for sale or an injunction against enforcement of the security interest or consummation of the enforcement.
(4) Unless the circumstances indicate the contrary a prohibition of assignment of "the contract" is to be construed as barring only the delegation to the assignee of the assignor's performance.
(5) An assignment of "the contract" or of "all my rights under the contract" or an assignment in similar general terms is an assignment of rights and unless the language or the circumstances (as in an assignment for security) indicate the contrary, it is a delegation of performance of the duties of the assignor and its acceptance by the assignee constitutes a promise by him or her to perform those duties. This promise is enforceable by either the assignor or the other party to the original contract.
(6) The other party may treat any assignment which delegates performance as creating reasonable grounds for insecurity and may without prejudice to his or her rights against the assignor demand assurances from the assignee (section 400.2-609).
­­--------
(L. 1963 p. 503 § 2-210, A.L. 2001 S.B. 288)
Effective 7-01-01
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-301 - General obligations of parties.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-301. General obligations of parties. —
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.
­­--------
(L. 1963 p. 503 § 2-301)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-302 - Unconscionable contract or clause.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-302. Unconscionable contract or clause. —
(1) 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 limit the application of any unconscionable clause as to avoid any unconscionable result.
(2) When it is claimed or appears to the court that the contract or any clause thereof may be unconscionable the parties shall be afforded a reasonable opportunity to present evidence as to its commercial setting, purpose and effect to aid the court in making the determination.
­­--------
(L. 1963 p. 503 § 2-302)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-303 - Allocation or division of risks.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-303. 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.
­­--------
(L. 1963 p. 503 § 2-303)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-304 - Price payable in money, goods, realty, or otherwise.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-304. Price payable in money, goods, realty, or otherwise. —
(1) 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.
(2) Even though all or part of the price is payable in an interest in realty the transfer of the goods and the seller's obligations with reference to them are subject to this article but not the transfer of the interest in realty or the transferor's obligations in connection therewith.
­­--------
(L. 1963 p. 503 § 2-304)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-305 - Open price term.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-305. Open price term. —
(1) 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
(a) nothing is said as to price; or
(b) the price is left to be agreed by the parties and they fail to agree; or
(c) the price is to be fixed in terms of some agreed market or other standard as set or recorded by a third person or agency and it is not so set or recorded.
(2) A price to be fixed by the seller or by the buyer means a price for him to fix in good faith.
(3) When a price left to be fixed otherwise than by agreement of the parties fails to be fixed through fault of one party the other may at his option treat the contract as cancelled or himself fix a reasonable price.
(4) Where, however, the parties intend not to be bound unless the price be fixed or agreed and it is not fixed or agreed there is no contract. In such a case the buyer must return any goods already received or if unable so to do must pay their reasonable value at the time of delivery and the seller must return any portion of the price paid on account.
­­--------
(L. 1963 p. 503 § 2-305)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-306 - Output, requirements and exclusive dealings.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-306. Output, requirements and exclusive dealings. —
(1) 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 estimate to any normal or otherwise comparable prior output or requirements may be tendered or demanded.
(2) A lawful agreement by either the seller or the buyer for exclusive dealing in the kind of goods concerned imposes unless otherwise agreed an obligation by the seller to use best efforts to supply the goods and by the buyer to use best efforts to promote their sale.
­­--------
(L. 1963 p. 503 § 2-306)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-307 - Delivery in single lot or several lots.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-307. Delivery in single lot or several lots. —
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 demanded for each lot.
­­--------
(L. 1963 p. 503 § 2-307)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-308 - Absence of specified place for delivery.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-308. Absence of specified place for delivery. —
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 the place for their delivery; and
(c) documents of title may be delivered through customary banking channels.
­­--------
(L. 1963 p. 503 § 2-308)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-309 - Absence of specific time provisions — notice of termination.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-309. Absence of specific time provisions — notice of termination. —
(1) The time for shipment or delivery or any other action under a contract if not provided in this article or agreed upon shall be a reasonable time.
(2) Where the contract provides for successive performances but is indefinite in duration it is valid for a reasonable time but unless otherwise agreed may be terminated at any time by either party.
(3) Termination of a contract by one party except on the happening of an agreed event requires that reasonable notification be received by the other party and an agreement dispensing with notification is invalid if its operation would be unconscionable.
­­--------
(L. 1963 p. 503 § 2-309)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-310 - Open time for payment or running of credit — authority to ship under reservation.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-310. Open time for payment or running of credit — authority to ship under reservation. —
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 he may ship them under reservation, and may tender the documents of title, but the buyer may inspect the goods after their arrival before payment is due unless such inspection is inconsistent with the terms of the contract (section 400.2-513); and
(c) if delivery is authorized and made by way of documents of title otherwise than by subsection (b) then payment is due at the time and place at which the buyer is to receive the documents regardless of where the goods are to be received; and
(d) where the seller is required or authorized to ship the goods on credit the credit period runs from the time of shipment but post-dating the invoice or delaying its dispatch will correspondingly delay the starting of the credit period.
­­--------
(L. 1963 p. 503 § 2-310)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-311 - Options and cooperation respecting performance.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-311. Options and cooperation respecting performance. —
(1) An agreement for sale which is otherwise sufficiently definite (subsection (3) of section 400.2-204) 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 specification must be made in good faith and within limits set by commercial reasonableness.
(2) Unless otherwise agreed specifications relating to assortment of the goods are at the buyer's option and except as otherwise provided in subsections (1)(c) and (3) of section 400.2-319 specifications or arrangements relating to shipment are at the seller's option.
(3) Where such specification would materially affect the other party's performance but is not seasonably made or where one party's cooperation is necessary to the agreed performance of the other but is not seasonably forthcoming, the other party in addition to all other remedies
(a) is excused for any resulting delay in his own performance; and
(b) may also either proceed to perform in any reasonable manner or after the time for a material part of his own performance treat the failure to specify or to cooperate as a breach by failure to deliver or accept the goods.
­­--------
(L. 1963 p. 503 § 2-311)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-312 - Warranty of title and against infringement — buyer's obligation against infringement.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-312. Warranty of title and against infringement — buyer's obligation against infringement. —
(1) Subject to subsection (2) there is in a contract for sale a warranty by the seller that
(a) the title conveyed shall be good, and its transfer rightful; and
(b) the goods shall be delivered free from any security interest or other lien or encumbrance of which the buyer at the time of contracting has no knowledge.
(2) A warranty under subsection (1) will be excluded or modified only by specific language or by circumstances which give the buyer reason to know that the person selling does not claim title in himself or that he is purporting to sell only such right or title as he or a third person may have.
(3) Unless otherwise agreed a seller who is a merchant regularly dealing in goods of the kind warrants that the goods shall be delivered free of the rightful claim of any third person by way of infringement or the like but a buyer who furnishes specifications to the seller must hold the seller harmless against any such claim which arises out of compliance with the specifications.
­­--------
(L. 1963 p. 503 § 2-312)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-313 - Express warranties by affirmation, promise, description, sample.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-313. Express warranties by affirmation, promise, description, sample. —
(1) Express warranties by the seller are created as follows:
(a) Any affirmation of fact or promise made by the seller to the buyer which relates to the goods and becomes part of the basis of the bargain creates an express warranty that the goods shall conform to the affirmation or promise.
(b) Any description of the goods which is made part of the basis of the bargain creates an express warranty that the goods shall conform to the description.
(c) Any sample or model which is made part of the basis of the bargain creates an express warranty that the whole of the goods shall conform to the sample or model.
(2) It is not necessary to the creation of an express warranty that the seller use formal words such as "warrant" or "guarantee" or that he have a specific intention to make a warranty, but an affirmation merely of the value of the goods or a statement purporting to be merely the seller's opinion or commendation of the goods does not create a warranty.
­­--------
(L. 1963 p. 503 § 2-313)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-314 - Implied warranty — merchantability — usage of trade.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-314. Implied warranty — merchantability — usage of trade. —
(1) Unless excluded or modified (section 400.2-316), a warranty that the goods shall be merchantable is implied in a contract for their sale if the seller is a merchant with respect to goods of that kind. Under this section the serving for value of food or drink to be consumed either on the premises or elsewhere is a sale.
(2) Goods to be merchantable must be at least such as
(a) pass without objection in the trade under the contract description; and
(b) in the case of fungible goods, are of fair average quality within the description; and
(c) are fit for the ordinary purposes for which such goods are used; and
(d) run, within the variations permitted by the agreement, of even kind, quality and quantity within each unit and among all units involved; and
(e) are adequately contained, packaged, and labeled as the agreement may require; and
(f) conform to the promises or affirmations of fact made on the container or label if any.
(3) Unless excluded or modified (section 400.2-316) other implied warranties may arise from course of dealing or usage of trade.
­­--------
(L. 1963 p. 503 § 2-314)
(1979) Sale of used or second-hand goods is covered by provisions of the Uniform Commercial Code and an implied warranty of merchantability may arise. Worthey, et al. v. Specialty Foam Products, Inc. (A.), 591 S.W.2d 145.
(1981) Manufacturer may not disclaim implied warranty of merchantability to an ultimate consumer by merely including a disclaimer in a contract with a middleman or buyer who holds for resale only. Groppel Co., Inc. v. U.S. Gypsum Co. (A.), 616 S.W.2d 49.
(1981) Recovery for economic loss resulting from manufacture and sale of unmerchantable product is limited to damages proximately caused by defective product, and buyer has obligation to mitigate damages. Groppel Co., Inc. v. U.S. Gypsum Co. (A.), 616 S.W.2d 49.
(1981) Subcontractor was entitled to recover from manufacturer for economic loss allegedly resulting from manufacture and sale of alleged unmerchantable product. Groppel Co., Inc. v. U.S. Gypsum Co. (A.), 616 S.W.2d 49.
(1981) Implied warranties extend to remote purchasers. Groppel Co., Inc. v. U.S. Gypsum Co. (A.), 616 S.W.2d 49.
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-315 - Implied warranty — fitness for particular purpose.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1963
400.2-315. Implied warranty — fitness for particular purpose. —
Where the seller at the time of contracting has reason to know any particular purpose for which the goods are required and that the buyer is relying on the seller's skill or judgment to select or furnish suitable goods there is unless excluded or modified under section 400.2-316 an implied warranty that the goods shall be fit for such purpose.
­­--------
(L. 1963 p. 503 § 2-315)
2023 Missouri Revised Statutes › Title XXVI - Trade and Commerce › Chapter 400 - Uniform Commercial Code › Section 400.2-316 - Exclusion or modification of warranties — livestock warranties of fitness to be in writing.

Title XXVI TRADE AND COMMERCE
Chapter 400
• Effective - 28 Aug 1980
400.2-316. Exclusion or modification of warranties — livestock warranties of fitness to be in writing. —
(1) Words or conduct relevant to the creation of an express warranty and words or conduct tending to negate or limit warranty shall be construed wherever reasonable as consistent with each other; but subject to the provisions of this article on parol or extrinsic evidence (section 400.2-202) negation or limitation is inoperative to the extent that such construction is unreasonable.
(2) Subject to subsection (3), to exclude or modify the implied warranty of merchantability or any part of it the language must mention merchantability and in case of a writing must be conspicuous, and to exclude or modify any implied warranty of fitness the exclusion must be by a writing and conspicuous. Language to exclude all implied warranties of fitness is sufficient if it states, for example, that "There are no warranties which extend beyond the description on the face hereof".
(3) Notwithstanding subsection (2)
(a) unless the circumstances indicate otherwise, all implied warranties are excluded by expressions like "as is", "with all faults" or other language which in common understanding calls the buyer's attention to the exclusion of warranties and makes plain that there is no implied warranty;
(b) when the buyer before entering into the contract has examined the goods or the sample or model as fully as he desired or has refused to examine the goods there is no implied warranty with regard to defects which an examination ought in the circumstances to have revealed to him; and
(c) an implied warranty can also be excluded or modified by course of dealing or course of performance or usage of trade.
(4) Remedies for breach of warranty can be limited in accordance with the provisions of this article on liquidation or limitation of damages and on contractual modification of remedy (sections 400.2-718 and 400.2-719).
(5) A seller is not liable for damages resulting from the lack of merchantability or fitness for a particular purpose of livestock he sells if the contract for the sale of the livestock does not contain a written statement as to a warranty of merchantability or fitness for a particular purpose of the livestock.
­­--------
(L. 1963 p. 503 § 2-316, A.L. 1980 H.B. 972)
(1979) Sale of used or second-hand goods is covered by provisions of the Uniform Commercial Code and an implied warranty of merchantability may arise. Worthey, et al. v. Specialty Foam Products, Inc. (A.), 591 S.W.2d 145.
(1981) Manufacturer may properly disclaim liability expressly to consumer in some manner calculated to give proper notice to such consumer. Groppel Co., Inc. v. U.S. Gypsum Co. (A.), 616 S.W.2d 49.