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 the above.

Question

Quizplus · Accepted Answer

Commercial reasonableness requires that the practices customary in the type of transaction involved be used as a standard. The business judgment of expert business managers and the requirements to develop creative and innovative solutions never before used in a particular industry may be considered, but they are not the sole or primary factors in determining commercial reasonableness.

The Definition of Commercial Reasonableness as Used in Contract Law