Bank of America, N.A. - Moses & Singer, LLP
Bank of America, N.A. - Moses & Singer, LLP
Bank of America, N.A. - Moses & Singer, LLP
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
URDG Article 30 – Limits On Exemption From<br />
Liability<br />
• Exculpations qualified by requirement that<br />
guarantor act in “good faith”<br />
• NYUCC defines good faith as “honesty in fact in<br />
the conduct or transaction concerned” and does<br />
not also require observance <strong>of</strong> reasonable<br />
commercial standards <strong>of</strong> fair dealing<br />
• How will the URDG good faith requirement be<br />
interpreted?<br />
Sept. 2011<br />
26<br />
A U.S. Perspective On The New URDG758
Change language