The term "reasonable commercial standards of fair dealing" is often called ________.
A)commercial equity
B)commercial reasonableness
C)transactional equity
D)good faith
E)capitalism with a conscience

Question

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Uniform Commercial Code Section 1-304 requires good faith in the performance and enforcement of every contract,and good faith for non-merchants means honesty in fact.When the parties are merchants,the Code imposes an even higher standard,requiring not only honesty in fact but also reasonable commercial standards of fair dealing.This second requirement is often called commercial reasonableness.

The Term "Reasonable Commercial Standards of Fair Dealing" Is Often