92

LAWS OF MARYLAND

[Ch. 49

1—107. Waiver or renunciation of claim or right after
breach.

Any claim or right arising out of an alleged breach
can be discharged in whole or in part without
consideration by a written waiver or renunciation signed
and delivered by the aggrieved party.

1-108. Severability.

If any provision or clause of TITLES 1 THROUGH 10 OF
this article or application thereof to any person or
circumstances is held invalid, such invalidity shall not
affect other provisions or applications of the article
which can be given effect without the invalid provision
or application, and to this end the provisions of TITLES
1 THROUGH 10 OF this article are declared to be
severable.

1—109. Section captions.

Section captions are parts of TITLES 1 THROUGH 10 OF
this article.

SUBTITLE 2. GENERAL DEFINITIONS AND PRINCIPLES OF
INTERPRETATION.

1—201. General definitions.

Subject to additional definitions contained in the
subsequent [subtitles] TITLES of this article which are
applicable to specific [subtitles] TITLES or [parts]
SUBTITLES thereof, and unless the context otherwise
requires, in TITLES 1 THROUGH 10 OF this article:

(1)    "Action" in the sense of a judicial proceeding
includes recoupment, counterclaim, set—off, suit in
equity and any other proceedings in which rights are
determined.

(2)   "Aggrieved party" means a party entitled to
resort to a remedy.

(3)   "Agreement" means the bargain of the parties in
fact as found in their language or by implication from
other circumstances including course of dealing or usage
of trade or course of performance as provided in TITLES 1
THROUGH 10 OF this article (§§ 1-205 and 2-208).
Whether an agreement has legal consequences is determined
by the provisions of TITLES 1 THROUGH 10 OF this article,
if applicable; otherwise by the law of contracts (§
1—103). (Compare "Contract.")

(4)   "Bank" means any person engaged in the business