A standard determined in terms of the business judgment of reasonable persons familiar with the practices customary in the type of transaction involved and in terms of the facts and circumstances of the case is:
A) good faith.
B) a subjective standard.
C) commercial reasonableness.
D) business expertise.

Question

Quizplus · Accepted Answer

Commercial reasonableness refers to a standard determined by what is reasonable to expect in a given business context, taking into account the practices customary in the type of transaction involved and the specific facts and circumstances.

A Standard Determined in Terms of the Business Judgment of Reasonable