The UCC is grounded in the principle that the law should encourage the completion of business transactions, it also defines what constitutes nonperformance, known as a __________, and provides relief for parties who acted in good faith and sustained damages through no fault of their own.
A) foul
B) mistake
C) breach
D) misrepresentation

Question

Quizplus · Accepted Answer

The UCC (Uniform Commercial Code) uses the term "breach" to describe a situation where one or more parties fail to fulfill their contractual obligations, thus defining what constitutes nonperformance.

The UCC Is Grounded in the Principle That the Law