Section 11-1-103. Supplementary general principles of law applicable  


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  •    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, or other validating or invalidating cause shall supplement its provisions.
Code 1933, § 109A-1--103, enacted by Ga. L. 1962, p. 156, § 1.