24.01.170 Option to Accelerate at Will

A term providing that one 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 insecure" or in words of similar import shall be construed to mean that he or she shall have power to do so only if he or she 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 whom the power has been exercised.