§ 1-1101 Short titles
§ 1-1102 Scope of article
§ 1-1103 Construction of Uniform Commercial Code to promote its purposes and policies; applicability of supplemental principles of law
§ 1-1104 Construction against implied repeal
§ 1-1105 Severability
§ 1-1106 Use of singular and plural; gender
§ 1-1107 Section captions
§ 1-1108 Relation to electronic signatures in Electronic Signatures in Global and National Commerce Act
§ 1-1201 General definitions
§ 1-1202 Notice; knowledge
§ 1-1203 Lease distinguished from security interest
§ 1-1204 Value
§ 1-1205 Reasonable time; seasonableness
§ 1-1206 Presumptions
§ 1-1301 Territorial applicability; parties’ power to choose applicable law
§ 1-1302 Variation by agreement
§ 1-1303 Course of performance, course of dealing and usage of trade
§ 1-1304 Obligation of good faith
§ 1-1305 Remedies to be liberally administered
§ 1-1306 Waiver or renunciation of claim or right after breach
§ 1-1307 Prima facie evidence by 3rd-party documents
§ 1-1308 Performance or acceptance under reservation of rights
§ 1-1309 Option to accelerate at will
§ 1-1310 Subordinated obligations

Terms Used In Maine Revised Statutes > Title 11 > Article 1-A

  • Administrator: means a person, other than an insurer or creditor, that performs administrative or operational functions pursuant to a waiver program. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Applicant: includes the person filing an application for registration of a mark under this chapter, his legal representatives, successors or assigns. See Maine Revised Statutes Title 10 Sec. 1521
  • Approved private school: means a private school approved for attendance purposes under chapter 117. See Maine Revised Statutes Title 20-A Sec. 1
  • Assistive device: includes , but is not limited to, manual wheelchairs, motorized wheelchairs, motorized scooters and other aids that enhance the mobility of the individual; hearing aids, telephone communications devices for the deaf, or TDD, assistive listening devices and other aids that enhance an individual's ability to hear; voice synthesized computer modules, optical scanners, talking software, braille printers and other devices that enhance a sight-impaired individual's ability to communicate; and any other assistive device that enables a person with a disability to communicate, see, hear or maneuver. See Maine Revised Statutes Title 10 Sec. 1500
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Borrower: means a debtor or retail buyer under a finance agreement. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Certification mark: means a mark used upon or in connection with the products or services of one or more persons other than the owner of the mark to certify regional or other origin, material, mode of manufacture, quality, accuracy or other characteristics of such goods or services, or that the work or labor on the goods or services was performed by members of a union or other organization. See Maine Revised Statutes Title 10 Sec. 1521
  • Collective mark: means a trademark or service mark used by the members of a cooperative, an association or other collective group or organization, and includes marks used to indicate membership in a union, an association or other organization. See Maine Revised Statutes Title 10 Sec. 1521
  • Consumer: means a person who purchases or leases an assistive device from a dealer or manufacturer for purposes other than resale; a person to whom an assistive device is transferred for purposes other than resale while an express warranty is in effect; a funding source that purchases a device for a person with a disability; or a person otherwise legally qualified to enforce a warranty. See Maine Revised Statutes Title 10 Sec. 1500
  • Corporate name: includes any corporate name, reserved name, registered name or assumed name as those terms are used in Title 13-C, sections 401, 402, 403 and 404 respectively and includes a corporate name, reserved name, registered name or assumed name as those terms are used in Title 13-B, sections 301-A, 302-A, 303-A and 308-A respectively. See Maine Revised Statutes Title 10 Sec. 1521
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Creditor: means :  
    (1) The lender in a loan or credit transaction;  
    (2) A person engaged as a retail seller of motor vehicles that provides credit to consumers, as defined inTitle 9-A, section 1-301, subsection 10, of the motor vehicles, as long as that person complies with the provisions of this section;  
    (3) The seller in a commercial retail installment transaction; or  
    (4) The assignee of any of the persons in subparagraphs (1) to (4) to which the credit obligation is payable. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Donor: The person who makes a gift.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Executor: A male person named in a will to carry out the decedent
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Finance agreement: means a loan or retail installment sales contract for the purchase of a motor vehicle. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Free-look period: means the period of time, not less than 30 days, from the effective date of the waiver until the date the borrower may cancel the waiver contract without penalty, fees or costs to the borrower. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Limited liability company name: includes a limited liability company name, reserved name, assumed name or registered name as those terms are used in Title 31, sections 1508 to 1511. See Maine Revised Statutes Title 10 Sec. 1521
  • Limited liability partnership name: includes a limited liability partnership name, reserved name, assumed name or registered name as those terms are used in Title 31, sections 803-A to 806-A. See Maine Revised Statutes Title 10 Sec. 1521
  • Limited partnership name: includes a limited partnership name or assumed name underTitle 31, section 1308 or reserved name or registered name as used inTitle 31, section 1309. See Maine Revised Statutes Title 10 Sec. 1521
  • Mark: includes any trademark, service mark, certification mark or collective mark entitled to be registered under this chapter, whether registered or not. See Maine Revised Statutes Title 10 Sec. 1521
  • Misleading or inaccurate caller identification information: includes , to the extent consistent with federal law, blocked caller identification information. See Maine Revised Statutes Title 10 Sec. 1498
  • Motor vehicle: includes vehicles whether self-propelled or towed. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Nonconformity: means a condition or a defect that substantially impairs the use, value or safety of an assistive device that is covered by an express warranty applicable to that assistive device, or to a component of that assistive device, but does not include a condition or defect that is the result of abuse, neglect or unauthorized modification or alteration of the assistive device by the consumer. See Maine Revised Statutes Title 10 Sec. 1500
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Parent: means a parent, guardian or legal guardian. See Maine Revised Statutes Title 20-A Sec. 1
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes an individual, company, association, organization, partnership, business trust, corporation and every form of legal entity. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Person: means any individual, firm, partnership, corporation, association, union or other organization. See Maine Revised Statutes Title 10 Sec. 1521
  • Private school: means an academy, seminary, institute or other private corporation or body formed for educational purposes covering kindergarten through grade 12 or any portion thereof. See Maine Revised Statutes Title 20-A Sec. 1
  • Public school: means a school that is governed by a school board of a school administrative unit and funded primarily with public funds. See Maine Revised Statutes Title 20-A Sec. 1
  • Quorum: The number of legislators that must be present to do business.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Registrant: includes the person to whom the registration of a mark under this chapter is issued, the registrant's legal representatives, successors or assigns. See Maine Revised Statutes Title 10 Sec. 1521
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Service mark: means a mark used in the sale or advertising of services to identify the services of one person and distinguish them from the services of others. See Maine Revised Statutes Title 10 Sec. 1521
  • Summons: Another word for subpoena used by the criminal justice system.
  • Superintendent: means , except in cases in which a credit union or financial institution authorized to do business in this State, as defined inTitle 9-B, section 131, subsections 12-A and 17-A, is the creditor, the Superintendent of Consumer Credit Protection. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Trade name: means a word, name, symbol, device or any combination thereof used by a person to identify his business, vocation or occupation and distinguish it from the business, vocation or occupation of others. See Maine Revised Statutes Title 10 Sec. 1521
  • Trademark: means any word, name, symbol or device or any combination thereof adopted and used by a person to identify goods made or sold by him and to distinguish them from goods made or sold by others. See Maine Revised Statutes Title 10 Sec. 1521
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • waiver: means a contractual agreement in which a creditor agrees for a separate charge to cancel or waive all or part of the amount due on a borrower's finance agreement for a motor vehicle in the event of a total physical damage loss or unrecovered theft of the motor vehicle. See Maine Revised Statutes Title 10 Sec. 1500-H
  • Whips: Assistants to the floor leaders who are also elected by their party conferences. The Majority and Minority Whips (and their assistants) are responsible for mobilizing votes within their parties on major issues. In the absence of a party floor leader, the whip often serves as acting floor leader.