Which of the following does the UCC define as "honesty in fact in the conduct or transaction concerned?"
A)Good faith
B)Value
C)Bona fide
D)Pure

Question

Quizplus · Accepted Answer

Under the Code,good faith means "honesty in fact in the conduct or transaction concerned" [1-201(19)] and a buyer has given value if he has given any consideration sufficient to support a simple contract [1-201(44)].

Which of the Following Does the UCC Define as "Honesty