(a) Except as otherwise provided in subdivision (b) or
elsewhere in this code, the effect of provisions of this code may be
varied by agreement.
   (b) 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 an
action to be taken within a reasonable time, a time that is not
manifestly unreasonable may be fixed by agreement.
   (c) The presence of 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.

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Last modified: July 31, 2008