Oregon Statutes - Chapter 71 - General Provisions for Uniform Commercial Code - Section 71.2080 - Option to accelerate at will.

A term providing that one party or the successor in interest of the party may accelerate payment or performance or require collateral or additional collateral “at will” or “when the party deems the party insecure” or in words of similar import shall be construed to mean that the party shall have power to do so only if the 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 whom the power has been exercised. [1961 c.726 §71.2080]

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Last modified: August 7, 2008