The difference between the UCC requirement of good faith and doctrine of unconscionability is that:
a. good faith prohibits shockingly one-sided terms in a contract.
b. good faith focuses on the parties' behavior as they perform the contract.
c. unconscionability looks at the parties' attempt to carry out the terms of the contract in a reasonable manner.
d. unconscionability focuses on whether a party is honest in fact and exercises reasonable commercial standards of fair dealing.
b
You might also like to view...
Which of the following costs is a mixed cost?
A) Salary of a factory supervisor B) Electricity costs of $2 per kilowatt-hour C) Rental costs of $5,000 per month plus $.30 per machine hour of use D) Straight-line depreciation on factory equipment
Water pollution today is controlled only by the Safe Drinking Water Act (SDWA)
Indicate whether the statement is true or false
Malcolm wants to come up with a graphic that will clearly show new staff members how a customer's order proceeds from sales to delivery. The best graphic for him to use is a flowchart
Indicate whether the statement is true or false
A change in inflationary expectations resulting from events such as international trade embargoes or major changes in Federal Reserve policy will result in a shift in the SML
Indicate whether the statement is true or false