Definitions To Know By Heart! From the UCC §1-201
(1) “Action“, in the sense of a judicial proceeding, includes recoupment, counterclaim, set-off, suit in equity, and any other proceeding in which rights are determined. 2)”Aggrieved party” means a party entitled to pursue a remedy. 3) “Agreement“, as distinguished from “contract”, means the bargain of the parties in fact, as found in their language or inferred from other…