§ 28:2-721. Remedies for fraud.

Current through October 23, 2012

Remedies for material misrepresentation or fraud include all remedies available under this article for nonfraudulent breach. Neither rescission or a claim for rescission of the contract for sale nor rejection or return of the goods shall bar or be deemed inconsistent with a claim for damages or other remedy.

                
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(Dec. 30, 1963, 77 Stat. 670, Pub. L. 88-243, § 1.)

HISTORICAL AND STATUTORY NOTES

UNIFORM COMMERCIAL CODE COMMENT

Prior Uniform Statutory Provision

None.

Purposes

To correct the situation by which remedies for fraud have been more circumscribed than the more modern and mercantile remedies for breach of warranty. Thus the remedies for fraud are extended by this section to coincide in scope with those for non-fraudulent breach. This section thus makes it clear that neither rescission of the contract for fraud nor rejection of the goods bars other remedies unless the circumstances of the case make the remedies incompatible.

Definitional Cross References

"Contract for sale". Section 2-106.

"Goods". Section 1-201.

"Remedy", Section 1-201.

Prior Codifications

1981 Ed., § 28:2-721.

1973 Ed., § 28:2-721.