Usage of trade is defined by the UCC ________
A) as any practice that members of an industry expect to be part of their dealings.
B) as any regular course of dealing that the parties choose.
C) as a practice that meets with state customs.
D) as regular trade in business within a particular region of the country.
E) as how the industry values course of performance.

Question

Quizplus · Accepted Answer

Usage of trade under the Uniform Commercial Code (UCC) refers to any practice or method of dealing that has such regularity of observance in a place, vocation, or trade as to justify an expectation that it will be observed with respect to the transaction in question. This definition aligns with choice A, which emphasizes practices expected to be part of industry dealings.

Usage of Trade Is Defined by the UCC ________