Contractual Limitations on Remedies

I. Introduction II. Modification or Limitation of Remedies ... A. In General ... B. Standards for Validation ... C. Exclusivity of the Remedy Limitation ... D. Conspicuousness III. Failure of Essential Purpose ... A. In General/Purpose ... B. In General/Failure ... C. Latent Defects: Wilson Trading ... 1. Other Cases ... 2. Unconscionability ... D. Repair or Replacement Remedy ... E. Seller's Defenses: Reasonable Opportunity IV. Remedies Available upon Failure of an Exclusive Remedy/Limitation or Exclusion of Consequential Damages ... A. In General: A Perspective ... 1. Unconscionability ... 2. CAVEAT: Complex, Experimental, or Prototype Goods ... B. The Case Law ... 1. Failure of Essential Purpose of Agreed Remedy … 2. Unconscionability under Section 2-719(3) ... a. In General ... b. Willful Failure to Honor the Agreed Limited Remedy ... c. "Intervening" Unconscionability ... d. Latent Defect Cases ... C. Where No Independent Contract Provision Excludes Consequential Damages V. Miscellaneous ... A. Personal Injuries in Consumer Cases ... B. Trade Usage and Course of Dealing ... C. Magnuson-Moss Warranty Act VI. Conclusion