98

LAWS OF MARYLAND

[Ch. 49

(b)   As security for or in total or partial
satisfaction of a pre-existing claim; or

(c)    By accepting delivery pursuant to a
pre—existing contract for purchase; or

(d)     Generally, in return for any
consideration sufficient to support a simple contract.

(45)    "Warehouse receipt" leans a receipt issued by
a person engaged in the business of storing goods for
hire.

(46)    "Written" or "writing" includes printing,
typewriting or any other intentional reduction to
tangible form.

1—202. Prima facie evidence by third party documents.

A document in due fori purporting to be a bill of
lading, policy or certificate of insurance, official
weigher's or inspector's certificate, consular invoice,
or any other document authorized or required by the
contract to be issued by a third party shall be prima
facie evidence of its own authenticity and genuineness
and of the facts stated in the document by the third
party.

1—203. Obligation of good faith.

Every contract or duty within TITLES 1 THROUGH 10 OF
this article imposes an obligation of good faith in its
performance or enforcement.

1—204. Time; reasonable time; "seasonably."

(1)    Whenever TITLES 1 THROUGH 10 OF this article
requires any action to be taken within a reasonable time,
any time which is not manifestly unreasonable may be
fixed by agreement.

(2)   What is a reasonable time for taxing any action
depends on the nature, purpose and circumstances of such
action.

(3)   An action is taken "seasonably" when it is
taken at or within the time agreed or if no time is
agreed at or within a reasonable time.

1—205. Course of dealing and usage of trade.

(1) A course of dealing is a sequence of previous
conduct between the parties to a particular transaction
which is fairly to be regarded as establishing a common