Bill Text: CA SB1424 | 2017-2018 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Internet: social media: advisory group.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Vetoed) 2018-09-20 - In Senate. Consideration of Governor's veto pending. [SB1424 Detail]

Download: California-2017-SB1424-Introduced.html


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Senate Bill No. 1424


Introduced by Senator Pan

February 16, 2018


An act to amend Section 1103 of the Commercial Code, relating to commercial law.


LEGISLATIVE COUNSEL'S DIGEST


SB 1424, as introduced, Pan. Commercial law.
The Uniform Commercial Code generally regulates commercial transactions, and is intended to be liberally construed and applied to promote its underlying purposes and policies, which include simplifying, clarifying, and modernizing the law governing commercial transactions.
This bill would make nonsubstantive changes to that law.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 1103 of the Commercial Code is amended to read:

1103.
 (a) This code shall be liberally construed and applied to promote its underlying purposes and policies, which are all of the following:
(1) to To simplify, clarify, and modernize the law governing commercial transactions; transactions.
(2) to To permit the continued expansion of commercial practices through custom, usage, and agreement of the parties; and parties.
(3) to To make uniform the law among the various jurisdictions.
(b) Unless displaced by the particular provisions of this 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.

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