Once widespread in this industry and now heavily restricted — New York curtailed their use against out-of-state defendants after extensive reporting on the practice. They remain a recurring theme in enforcement actions.
MCA glossary
A contractual clause in which a merchant agrees in advance to entry of judgment against them on default, without a hearing.
Also called COJ
Once widespread in this industry and now heavily restricted — New York curtailed their use against out-of-state defendants after extensive reporting on the practice. They remain a recurring theme in enforcement actions.
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