(1) Except as otherwise provided in subsection (2) or elsewhere in this code, the
effect of provisions of this code may be varied by agreement.
(2) The obligations of good faith, diligence, reasonableness, and care prescribed
by this code may not be disclaimed by agreement. The parties, by agreement, may determine the standards by which the performance of
those obligations is to be measured if those standards are not manifestly unreasonable.
Whenever this code requires any action to be taken within a reasonable time, any time
which is not manifestly unreasonable may be fixed by agreement.
(3) The presence in certain provisions of this code of the phrase “unless otherwise
agreed”, or words of similar import, does not imply that the effect of other provisions
may not be varied by agreement under this section.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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