The revised Article 3 of the UCC does not define the concept of good faith.

Name: The revised Article 3 of the UCC does not define the concept of good faith.
Brand: Quizplus
Rating: 5.0 (32 reviews)

Question

Quizplus · Accepted Answer

The revised Article 3 of the Uniform Commercial Code (UCC) does define the concept of good faith, incorporating both honesty in fact and the observance of reasonable commercial standards of fair dealing.

The Revised Article 3 of the UCC Does Not Define