The UCC defines course of dealing as ________
A) the trading norm of an industry.
B) the transactions of how industry handles the course of dealing.
C) the course of performance of an industry.
D) previous commercial transactions between the same parties.
E) the course of dealings between industries within a specific region.

Question

Quizplus · Accepted Answer

The UCC (Uniform Commercial Code) defines "course of dealing" as the sequence of previous commercial transactions between the same parties that establishes a common basis for understanding how they are to perform under a particular agreement. This concept helps in interpreting the terms of a contract and the parties' intentions.

The UCC Defines Course of Dealing as ________