Idaho § 28-1-309 OPTION TO ACCELERATE AT WILL

Idaho Statutes

§ 28-1-309 — OPTION TO ACCELERATE AT WILL

Idaho § 28-1-309

Title 28COMMERCIAL TRANSACTIONS

Part 3.TERRITORIAL APPLICABILITY AND GENERAL RULES

Ch. 1UNIFORM COMMERCIAL CODE — GENERAL PROVISIONS

This text of Idaho § 28-1-309 (OPTION TO ACCELERATE AT WILL) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Idaho Code § 28-1-309 (2026).

Text

A term providing that one (1) party or that party’s successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or when the party "deems itself insecure," or words of similar import, means that the party has power to do so only if that 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 which the power has been exercised.

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A term providing that one (1) party or that party’s successor in interest may accelerate payment or performance or require collateral or additional collateral "at will" or when the party "deems itself insecure," or words of similar import, means that the party has power to do so only if that 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 which the power has been exercised.