§ 6A-1-302 - Variation by agreement. - Rhode-island Statutes

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SECTION 6A-1-302

§ 6A-1-302 Variation by agreement. –(a) Except as otherwise provided in subsection (b) or elsewhere in title 6A,the effect of provisions of title 6A may be varied by agreement.

(b) The obligations of good faith, diligence, reasonableness,and care prescribed by title 6A may not be disclaimed by agreement. Theparties, by agreement, may determine the standards by which the performance ofthose obligations is to be measured if those standards are not manifestlyunreasonable. Whenever title 6A requires an action to be taken within areasonable time, a time that is not manifestly unreasonable may be fixed byagreement.

(c) The presence in certain provisions of title 6A of thephrase "unless otherwise agreed", or words of similar import, does not implythat the effect of other provisions may not be varied by agreement under thissection.

State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-1 > 6a-1-302

SECTION 6A-1-302

§ 6A-1-302 Variation by agreement. –(a) Except as otherwise provided in subsection (b) or elsewhere in title 6A,the effect of provisions of title 6A may be varied by agreement.

(b) The obligations of good faith, diligence, reasonableness,and care prescribed by title 6A may not be disclaimed by agreement. Theparties, by agreement, may determine the standards by which the performance ofthose obligations is to be measured if those standards are not manifestlyunreasonable. Whenever title 6A requires an action to be taken within areasonable time, a time that is not manifestly unreasonable may be fixed byagreement.

(c) The presence in certain provisions of title 6A of thephrase "unless otherwise agreed", or words of similar import, does not implythat the effect of other provisions may not be varied by agreement under thissection.

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State Codes and Statutes

Statutes > Rhode-island > Title-6a > Chapter-6a-1 > 6a-1-302

SECTION 6A-1-302

§ 6A-1-302 Variation by agreement. –(a) Except as otherwise provided in subsection (b) or elsewhere in title 6A,the effect of provisions of title 6A may be varied by agreement.

(b) The obligations of good faith, diligence, reasonableness,and care prescribed by title 6A may not be disclaimed by agreement. Theparties, by agreement, may determine the standards by which the performance ofthose obligations is to be measured if those standards are not manifestlyunreasonable. Whenever title 6A requires an action to be taken within areasonable time, a time that is not manifestly unreasonable may be fixed byagreement.

(c) The presence in certain provisions of title 6A of thephrase "unless otherwise agreed", or words of similar import, does not implythat the effect of other provisions may not be varied by agreement under thissection.