Which of the following statements is true of the Uniform Commercial Code (UCC)?
A) It expressly recognizes the concept of an unconscionable contract.
B) It always imposes the same standards on merchants and nonmerchants.
C) It regards everyone covered by the UCC as a merchant.
D) It has no writing requirement unless the contract contains a provision requiring that modifications for terminations be in writing.

Question

Quizplus · Accepted Answer

The Uniform Commercial Code (UCC) imposes a duty on everyone making agreements under the Code to act in good faith. It expressly recognizes the concept of an unconscionable contract-one that is grossly unfair or one-sided-and gives the courts broad powers to remedy such unfairness.

Which of the Following Statements Is True of the Uniform