§ 229.37. Variation by agreement.
73 words·~1 min read·
/us/cfr/t12/s§ 229.37·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The effect of the provisions of subpart C may be varied by agreement, except that no agreement can disclaim the responsibility of a bank for its own lack of good faith or failure to exercise ordinary care, or can limit the measure of damages for such lack or failure; but the parties may determine by agreement the standards by which such responsibility is to be measured if such standards are not manifestly unreasonable.