Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 2a-109 — Delaware Law | CourtGPT
  1. Home/
  2. Laws/
  3. Delaware/
  4. Title 6 - Commerce and Trade/
  5. Article 2a - Leases/
  6. Part 1 - General Provisions§ 2a-101. Short Title/
  7. § 2a-109
Delaware Legal Code

§ 2a-109

Ask AI about this
§§ 2A-109. Option to accelerate at will. (1) A term providing that 1 party or his or her successor in interest may accelerate payment or performance or require collateral or additional collateral 'at will', or 'when he or she deems himself or herself insecure' or in words of similar import must be construed to mean that he or she has power to do so only if he or she in good faith believes that the prospect of payment or performance is impaired. (2) With respect to a consumer lease, the burden of establishing good faith under subsection (1) is on the party who exercised the power; otherwise the burden of establishing lack of good faith is on the party against whom the power has been exercised.68 Del. Laws, c. 249, § 1; 70 Del. Laws, c. 186, § 1;