The definition of commercial reasonableness as used in contract law includes:
A) the business judgment of expert business managers.
B) that the practices customary in the type of transaction involved be used as a standard.
C) the requirements to develop creative and innovative solutions never before used in a particular industry.
D) at least one local business has adopted the standards in question.

Question

Quizplus · Accepted Answer

Commercial reasonableness in contract law typically refers to the use of practices that are customary in the type of transaction involved, serving as a standard for what is considered reasonable.

The Definition of Commercial Reasonableness as Used in Contract Law