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Session Laws, 1975
Volume 716, Page 90   View pdf image
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90

LAWS OF MARYLAND

[Ch. 49

(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;

(c)   To make uniform the law among the various
jurisdictions.

(3)   The effect of provisions of TITLES 1 THROUGH 10
OF this article may be varied by agreement, except as
otherwise provided in TITLES 1 THROUGH 10 OF this article
and except that the obligations of good faith, diligence,
reasonableness and care prescribed by TITLES 1 THROUGH 10
OF this article may not be disclaimed by agreement but
the parties may by agreement determine the standards by
which the performance of such obligations is to be
measured if such standards are not Manifestly
unreasonable.

(4)    The presence in certain provisions of TITLES 1
THROUGH 10 OF this article of the words "unless otherwise
agreed" or words of similar import does not imply that
the effect of other provisions may not be varied by
agreement under subsection (3).

(5)   In TITLES 1 THROUGH 10 OF this article unless
the context otherwise requires

(a)    Words in the singular number include the
plural, and in the plural include the singular;

(b)   Words of the masculine gender include the
feminine and the neuter, and when the sense so indicates
words of the neuter gender may refer to any gender.

1—103. Supplementary general principles of law
applicable; exception as to age.

Unless displaced by the particular provisions of
TITLES 1 THROUGH 10 OF this article, 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, or other validating or invalidating
cause shall supplement its provisions, except that

(A)   the age of majority as it pertains to the
capacity to contract is eighteen years of age; and

(B)    no person who has attained the age of eighteen
years shall be considered to be without capacity by
reason of age[,][; and

 

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Session Laws, 1975
Volume 716, Page 90   View pdf image
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