N.Y. UCC Law § 1-302
This is the official text of N.Y. UCC Law § 1-302, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.
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Variation by Agreement
Official statutory text
Section 1--302. Variation by Agreement.\n (a) Except as otherwise provided in subsection (b) or elsewhere in\nthis act, the effect of provisions of this act may be varied by\nagreement.\n (b) The obligations of good faith, diligence, reasonableness, and care\nprescribed by this act may not be disclaimed by agreement. The parties,\nby agreement, may determine the standards by which the performance of\nthose obligations is to be measured if those standards are not\nmanifestly unreasonable. Whenever this act requires an action to be\ntaken within a reasonable time, a time that is not manifestly\nunreasonable may be fixed by agreement.\n (c) The presence in certain provisions of this act of the phrase\n"unless otherwise agreed", or words of similar import, does not imply\nthat the effect of other provisions may not be varied by agreement under\nthis section.\n
Status: in_force · Read it on the official government site
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