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2301
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MARVIN MANDEL, Governor
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Article - Commercial Law
Section 14-404(a)
Annotated Code of Maryland
11975 Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 14-40(a) of Article - Commercial
Law, of the Annotated Code of Maryland (1975 Volume and
1976 Supplement) be and it is hereby repealed and
reenacted, with amendments, to read as follows:
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Article - Commercial Law
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14-404.
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(a) (1) A guarantor shall fulfill his guaranty
according to its terms;
[(1)] (I) Within a reasonable time; and
[(2) ] (II) For the stated period of the
guaranty or, if no period is stated, for a reasonable
period of time.
(2) A GUARANTY IS EXTENDED AUTOMATICALLY
WHEN A GUARANTOR FAILS TO REPAIR SUCCESSFULLY A
MALFUNCTIONING 03 DEFECTIVE PRODUCT WITHIN THE GUARANTY
PERIOD. THE GUARANTY DOES NOT TERMINATE UNTIL THE
CONSUMES PRODUCT SUCCESSFULLY PERFORMS ITS INTENDED
FUNCTION FOR A SUFFICIENT PERIOD OF TIME TO INDICATE THAT
THE MALFUNCTIONING OR DEFECT HAS BEEN CURED AT LEAST 45
DAYS OR THE REMAINING PERIOD OF THE GUARANTY WHICHEVER IS
LATER PLUS A PERIOD EQUAL TO THE TIME OF REPAIR.
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SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1977.
Approved May 17, 1977.
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CHAPTER 469
(House Bill 711)
AN ACT concerning
Montgomery County ? Speed Limits in School Zones
MC 104-77
FOR the purpose of permitting Montgomery County to
decrease the speed limit at certain times in school
zones in Montgomery County as designated and posted
by local authorities.
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