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Can you summarize IACO 554.9603?
UNIFORM COMMERCIAL CODE > Agreement on standards concerning rights and duties.
Short Summary
1.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 section 554.9602 if the standards are not manifestly unreasonable. 2.Agreed standards inapplicable to breach of peace.Subsection 1 does not apply to the duty under section 554.9609 to refrain from breaching the peace. 2000 Acts, ch 1149, 101, 187
Jurisdiction
Iowa