The definition of commercial reasonableness as used in contract law includes:
A) the business judgment of expert business managers.
B) that the practices customary in the type of transaction involved be used as a standard.
C) the requirements to develop creative and innovative solutions never before used in a particular industry.
D) None of these.

Question

Quizplus · Accepted Answer

Commercial reasonableness in contract law typically refers to actions or practices that are customary and standard in a particular type of transaction. This means that what is considered reasonable is often determined by what is commonly done in similar situations within the industry, rather than requiring innovative or unprecedented solutions.

The Definition of Commercial Reasonableness as Used in Contract Law