Section 1–309. A term providing that 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.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Article 1 - General Provisions
Section 1-301 - Territorial Applicability; Parties' Power to Choose Applicable Law
Section 1-302 - Variation by Agreement
Section 1-304 - Obligation of Good Faith
Section 1-305 - Remedies to Be Liberally Administered
Section 1-308 - Performance or Acceptance Under Reservation of Rights
Section 1-307 - Prima Facie Evidence by Third–party Documents
Section 1-309 - Option to Accelerate at Will
Section 1-310 - Subordinated Obligations
Section 1-306 - Waiver or Renunciation of Claim or Right After Breach
Section 1-303 - Course of Performance, Course of Dealing, and Usage of Trade
Section 1-205 - Reasonable Time; Seasonableness
Section 1-107 - Section Captions and Subsection Headings
Section 1-108 - Relation to Electronic Signatures in Global and National Commerce Act
Section 1-102 - Scope of Article
Section 1-201 - General Definitions