Vermont § 103 - § 1—103.

§ 103. § 1—103.

• Construction of this title to promote its purposes and policies; applicability of
  supplemental principles of law (a) This title must be liberally construed and applied to promote its underlying purposes
  and policies, which are: (1) to simplify, clarify, and modernize the law governing commercial transactions; (2) to permit the continued expansion of commercial practices through custom, usage, and
  agreement of the parties; and (3) to make uniform the law among the various jurisdictions. (b) Unless displaced by the particular provisions of this title, the principles of law
  and equity, including the law merchant and the law relative to capacity to contract,
  principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake,
  bankruptcy, and other validating or invalidating cause supplement its provisions. (2007, No. 99 (Adj. Sess.), § 2.)