(a) Unless displaced by particular provisions of this chapter, the principles of law and equity supplement this chapter.

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Terms Used In Minnesota Statutes 321.0107

  • 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.

(b) If an obligation to pay interest arises under this chapter and the rate is not specified, the rate is that specified in section 334.01.