Waive Goodbye, Part VI

Following a number of recent waiver cases, the Court of Appeals held that the appellees waived their contractual right to offset when they agreed that “Guarantor waives, to the fullest extent permitted by applicable law, the benefit of any statute of limitations or other defenses affecting its liability hereunder.” ¬†The Court rejected appelles’ argument that this language was not specific enough to waiver their rights under section 51.003.

Compass Bank v. Manchester Platinum Mgmt.

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