Since the purpose of remedies under the Code is compensation, punitive damages are generally available.

Name: Since the purpose of remedies under the Code is compensation, punitive damages are generally available.
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Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), the primary purpose of remedies is to compensate the aggrieved party for losses, not to punish the breaching party, hence punitive damages are generally not available.

Since the Purpose of Remedies Under the Code Is Compensation