2013 New Jersey Revised Statutes
Title 12A - COMMERCIAL TRANSACTIONS
Section 12A:9-603 - Agreement on standards concerning rights and duties.
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.
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