355.1 -305 Remedies to be liberally administered. (1) The remedies provided by the Uniform Commercial Code must be liberally administered to the end that the aggrieved party may be put in as good a position as if the other party had fully performed, but neither consequential or special damages nor penal damag es may be had except as specifically provided in the Uniform Commercial Code or by other rule of law. (2) Any right or obligation declared by the Uniform Commercial Code is enforceable by action unless the provision declaring it specifies a different and l imited effect. Effective: July 12, 2006 History: Created 2006 Ky. Acts ch. 242, sec. 19, effective July 12, 2006.
Kentucky Legal Code