The Uniform Commercial Code's definition of good faith is strictly a subjective standard.

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The Uniform Commercial Code's definition of good faith is somewhere between a subjective standard and an objective standard.Uniform Commercial Code Section 3-103(a)(4)defines good faith as "honesty in fact and the observation of reasonable commercial standards of fair dealing." Therefore,to act in good faith,a holder must not deviate from the reasonable commercial standards of fair dealing.

The Uniform Commercial Code's Definition of Good Faith Is Strictly