Which statement is correct regarding the UCC and norms in the industry?
A) The UCC requires that courts consider norms in a particular trade only if consumer goods are involved.
B) The UCC allows courts to consider norms in a particular trade only if the perfect tender rule has been satisfied.
C) The UCC requires that courts consider norms in a particular trade.
D) The UCC does not require that courts consider norms in a particular trade.
E) The UCC requires that courts consider norms in a particular trade only if goods with a unit price of over $500 are involved.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) generally requires courts to consider the norms and practices within a particular trade or industry when interpreting and applying the provisions of the UCC. This helps ensure that commercial transactions are interpreted in light of the actual practices and expectations of the parties involved in that specific sector.

Which Statement Is Correct Regarding the UCC and Norms in the Industry