"Good faith" is defined in section 1-201(b)(20)as "a definite and seasonable expression of acceptance or a written confirmation which is sent within a reasonable time [and] operates as an acceptance even though it states terms additional to or different from those offered or agreed upon."

Question

Quizplus · Accepted Answer

"Good faith" is not defined in this manner in section 1-201(b)(20); instead, it generally refers to honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade. The definition provided in the question actually describes aspects related to the formation of contracts and acceptance of offers, not "good faith."

"Good Faith" Is Defined in Section 1-201(b)(20)as "A Definite and Seasonable