General Obligations Law 5-1604 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 5-1603 Effect of agreements up TITLE 16 Continuity of Contract Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 5-1604 Application General Obligations (GOB) CHAPTER 24-A, ARTICLE 5, TITLE 16 § 5-1604. Application. 1. Notwithstanding the uniform commercial code or any other law of this state, this title shall apply to all contracts, securities and instruments, including contracts with respect to commercial transactions, and shall not be deemed to be displaced by any other law of this state. 2. In circumstances of currency alteration, other than the introduction of the euro, the provisions of this title shall not be interpreted as creating any negative inference or negative presumption regarding the validity or enforceability of contracts, securities or instruments denominated in whole or in part in a currency affected by such alteration.