GroundRules
D.C. Code § 28:1-309: Option to accelerate at will.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 1. General Provisions.
- Part III. Territorial Applicability and General Rules.
A term providing that one party or that party’s successor in interest may accelerate payment or performance or require collateral or additional collateral at will or when the party deems itself insecure, or words of similar import, means that the party has power to do so only if that party in good faith believes that the prospect of payment or performance is impaired. The burden of establishing lack of good faith is on the party against which the power has been exercised.
Collected 2026-08-29T05:44:07Z. Source file · JSON