General Obligation and Construction of Contract

This is the 2026 edition of the code. This is the current edition. It was last updated Aug 02, 2026. Browse all editions.

This is Part 3 of the Code of Virginia, titled “General Obligation and Construction of Contract.” It is part of Title 8.2 “Commercial Code - Sales”. It contains 29 laws.

It’s comprised of the following 29 sections.

§ 8.2-301	General obligations of parties
§ 8.2-302	Unconscionable contract or clause
§ 8.2-303	Allocation or division of risks
§ 8.2-304	Price payable in money, goods, realty, or otherwise
§ 8.2-305	Open price term
§ 8.2-306	Output, requirements and exclusive dealings
§ 8.2-307	Delivery in single lot or several lots
§ 8.2-308	Absence of specified place for delivery
§ 8.2-309	Absence of specific time provisions; notice of termination
§ 8.2-310	Open time for payment or running of credit; authority to ship under reservation
§ 8.2-311	Options and cooperation respecting performance
§ 8.2-312	Warranty of title and against infringement; buyer's obligation against infringement
§ 8.2-313	Express warranties by affirmation, promise, description, sample
§ 8.2-314	Implied warranty: Merchantability; usage of trade
§ 8.2-315	Implied warranty: Fitness for particular purpose
§ 8.2-316	Exclusion or modification of warranties
§ 8.2-317	Cumulation and conflict of warranties express or implied
§ 8.2-317.1	Use of warranty registration cards
§ 8.2-318	When lack of privity no defense in action against manufacturer or seller of goods
§ 8.2-319	F.O.B. and F.A.S. terms
§ 8.2-320	C.I.F. and C. & F. terms
§ 8.2-321	C.I.F. or C. & F.: "Net landed weights"; "payment on arrival"; warranty of condition on arrival
§ 8.2-322	Delivery "ex-ship."
§ 8.2-323	Form of bill of lading required in overseas shipment; "Overseas."
§ 8.2-324	"No arrival, no sale" term
§ 8.2-325	"Letter of credit" term; "confirmed credit."
§ 8.2-326	Sale on approval and sale or return; rights of creditors
§ 8.2-327	Special incidents of sale on approval and sale or return
§ 8.2-328	Sale by auction