The UCC requires reasonable commercial standards of fair dealing in addition to ________ when parties are merchants.
A) honesty in equity
B) honesty in law
C) honesty in fact
D) honesty in equity and also reasonable commercial standards of fair dealing
E) honesty in equity and honesty in law

Question

Quizplus · Accepted Answer

The UCC (Uniform Commercial Code) requires "honesty in fact" in the conduct or transaction concerned when parties are merchants, emphasizing a standard of conduct that is genuine and free of deceit.

The UCC Requires Reasonable Commercial Standards of Fair Dealing in Addition