P.R. Laws tit. 19, § 2363

2019-02-20 00:00:00+00

§ 2363. 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 § 2362 of this title if the standards are not manifestly unreasonable.

(b) Agreed standards inapplicable to breach of peace.— Subsection (a) of this section does not apply to the duty under § 2369 of this title to refrain from breaching the peace.

History —Sept. 19, 1996, No. 241, added as § 9-603 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.