The term "reasonable commercial standards of fair dealing" is often called ________.
A) Commercial standards
B) Commercial reasonableness
C) Transactional reasonableness
D) Good faith standards
E) Good faith reasonableness

Question

Quizplus · Accepted Answer

"Reasonable commercial standards of fair dealing" is often referred to as "Commercial reasonableness." This term is used in various legal and business contexts to ensure that parties to a transaction act in a manner that is fair and reasonable according to the standards of their particular industry or commercial setting.

The Term "Reasonable Commercial Standards of Fair Dealing" Is Often