§ 22-603. Submissions of information to satisfaction of a party
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 22-603
§ 22-603. Submissions of information to satisfaction of a party
If an agreement requires that submitted information be to the satisfaction of the recipient, the following rules apply:
(2) If the information is not satisfactory to the recipient and the parties engage in efforts to correct the deficiencies in a manner and over a time consistent with the ordinary standards of the business, trade, or industry, neither the efforts nor the passage of time required for the efforts is an acceptance or a refusal of the submission.
(4) Silence and a failure to act in reference to a submission beyond a commercially reasonable time to respond entitle the submitting party to demand, in a record delivered to the recipient, a decision on the submission. If the recipient fails to respond within a reasonable time after receipt of the demand, the submission is deemed to have been refused.
Credits
Added by Acts 2000, c. 11, § 1, eff. Oct. 1, 2000. Amended by Acts 2000, c. 61, § 6, eff. April 25, 2000; Acts 2013, c. 43, § 5.
MD Code, Commercial Law, § 22-603, MD COML § 22-603
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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