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Session Laws, 1975
Volume 716, Page 609   View pdf image
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MARVIN MANDEL, Governor

609

CREDIT.

(B)   ASSUMPTION OF RISK.

UNTIL AN UNREQUESTED CARD IS ACCEPTED, THE ISSUER OF
THE CARD:

(1)   ASSUMES THE RISK OF ITS LOSS, THEFT, OR
UNAUTHORIZED USE; AND

(2)   IS BARRED FROM ANY RECOVERY AGAINST THE
PERSON TO WHOM THE CARD IS ISSUED FOR ANY DAMAGES
OCCASIONED BY THAT LOSS, THEFT, OR UNAUTHORIZED USE.

(C)   EXCEPTION.

THIS SECTION      DOES NOT APPLY IF THE CARD IS ISSUED

FOR THE PURPOSE OF    RENEWAL OR REPLACEMENT OF AN EXISTING

CARD ORIGINALLY APPLIED FOR OR ACCEPTED BY THE
CARDHOLDER.

REVISOR'S NOTE: This section presently appears as
Art. 83, §21B.

In subsection (a) of this section, reference
to an "authorized agent" of a person is
deleted as unnecessary since the act of a
person's agent would constitute, in any event,
the act of that person.

The only other changes are in style.

EXTENSION OF APPLIANCE SERVICE CONTRACT.

DEFINITIONS.

(1) IN THIS SECTION THE FOLLOWING WORDS HAVE
THE MEANINGS INDICATED.

(2)    "APPLIANCE" MEANS ANY DEVICE USED FOR A
SPECIFIC PURPOSE, INCLUDING ANY DEVICE RUN BY ELECTRICAL
OR MECHANICAL MEANS.

(3)     "SERVICE CONTRACT" MEANS A CONTRACT
BETWEEN THE OWNER OF AN APPLIANCE AND ANOTHER PERSON
UNDER WHICH THE OWNER AGREES TO PAY A SPECIFIED AMOUNT OF
MONEY IN EXCHANGE FOR ANY NECESSARY UPKEEP OR REPAIR TO
THE APPLIANCE OVER A SPECIFIED PERIOD.

(4) "SERVICE CONTRACTOR" MEANS THE PERSON
OBLIGATED TO PERFORM ANY UPKEEP OR REPAIR UNDER A SERVICE
CONTRACT.

(B) EXTENSION OF DURATION OF CONTRACT.

14-1106.
(A)

 

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Session Laws, 1975
Volume 716, Page 609   View pdf image
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