Sec. 9-603. Agreement on standards concerning rights and duties.
77 words·~1 min read·
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Sec. 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 Section 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 Section 9-609 to refrain from breaching the peace.