8.9A-603 - A-603. Agreement on standards concerning rights and duties.
§ 8.9A-603. Agreement on standards concerning rights and duties.
(a) Agreed standards. The parties may determine by agreement the standardsmeasuring the fulfillment of the rights of a debtor or obligor and the dutiesof a secured party under a rule stated in § 8.9A-602 if the standards are notmanifestly unreasonable.
(b) Agreed standards inapplicable to breach of peace. Subsection (a) does notapply to the duty under § 8.9A-609 to refrain from breaching the peace.
(1964, c. 219, § 8.9-501; 1973, c. 509; 2000, c. 1007.)