Which of the following does the UCC define as,"honesty in fact and the observance of reasonable commercial standards for fair dealing?"
A) Commercial standards.
B) Subjective reasonableness.
C) Objective reasonableness.
D) Good faith.
E) Reasonable investigation.

Question

Quizplus · Accepted Answer

The UCC defines good faith, as "honesty in fact and the observance of reasonable commercial standards of fair dealing" [3-103(a)(4)].

Which of the Following Does the UCC Define As,"honesty in Fact