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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS

    Chapter 9:

      Section: 12A:9-603: Agreement on standards concerning rights and duties.

          
12A:9-603. Agreement on Standards Concerning Rights and Duties.

(a) Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in 12A:9-602 if the standards are not manifestly unreasonable.

(b) Agreed standards inapplicable to breach of peace. Subsection (a) does not apply to the duty under 12A:9-609 to refrain from breaching the peace.

L.2001, c.117, s.1; amended 2001, c.386, s.93.



This section added to the Rutgers Database: 2013-06-10 16:36:30.






Older versions of 12a:9-603 (if available):



Court decisions that cite this statute: CLICK HERE.