# Nev. Rev. Stat. § 104.1103: Construction of Uniform Commercial Code to promote underlying purposes and policies; applicability of supplemental principles of law

> Nevada · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1103

## Section

- **Citation:** Nev. Rev. Stat. § 104.1103
- **Heading:** Construction of Uniform Commercial Code to promote underlying purposes and policies; applicability of supplemental principles of law
- **Jurisdiction:** Nevada
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NV Code / Title 8 / Chapter 104 / Section 104.1103

## Text

1. The Uniform Commercial Code must be liberally construed and applied to promote its underlying purposes and policies, which are: (a) To simplify, clarify and modernize the law governing commercial transactions; (b) To permit the continued expansion of commercial practices through custom, usage and agreement of the parties; and (c) To make uniform the law among the various jurisdictions.

2. Unless displaced by the particular provisions of the Uniform Commercial Code, 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 supplement its provisions.

## Nearby sections

- [Nev. Rev. Stat. § 104.1101 Short titles](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1101.md)
- [Nev. Rev. Stat. § 104.1102 Scope of Article 1](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1102.md)
- [Nev. Rev. Stat. § 104.1103 Construction of Uniform Commercial Code to promote underlying purposes and policies; applicability of supplemental principles of law](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1103.md)
- [Nev. Rev. Stat. § 104.1104 Construction against implied repeal](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1104.md)
- [Nev. Rev. Stat. § 104.1105 Severability](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1105.md)
- [Nev. Rev. Stat. § 104.1106 Use of singular and plural; gender](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1106.md)
- [Nev. Rev. Stat. § 104.1108 Relation to Electronic Signatures in Global and National Commerce Act](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1108.md)
- [Nev. Rev. Stat. § 104.1201 General definitions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1201.md)
- [Nev. Rev. Stat. § 104.1202 Notice; knowledge](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1202.md)
- [Nev. Rev. Stat. § 104.1203 Lease distinguished from security interest](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1203.md)
- [Nev. Rev. Stat. § 104.1204 Value](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1204.md)
- [Nev. Rev. Stat. § 104.1205 Reasonable time; seasonableness](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1205.md)
- [Nev. Rev. Stat. § 104.1206 Presumptions](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1206.md)
- [Nev. Rev. Stat. § 104.1301 Territorial applicability; parties' power to choose applicable law](https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1301.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NV_T8_C104_S104.1103. Check the current official text before relying on it. Not legal advice.