Asked by Danielle Tabor on Apr 28, 2024

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________ is a method of commercial dealing that is commonly used in a particular field or industry.

A) Usage of trade
B) Contract for sale
C) Good faith
D) Firm offer

Usage of Trade

Customary practices and usages that parties to a transaction in a particular trade commonly observe.

Commercial Dealing

Activities involved in the purchase and sale of goods and services in the marketplace.

Industry

The economic activity concerned with the production of goods, services, and the extraction of raw materials.

  • Recognize the features of merchandise and their impact on contracts involving items that are to be made or uniquely customized.
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MG
Mahathi GangavarapuMay 01, 2024
Final Answer :
A
Explanation :
Usage of trade refers to common practices and customs that are widely accepted and expected within a specific industry or field. It is often used as a basis for determining whether a party has acted in good faith or breached a contract within that particular industry. Contract for sale, good faith, and firm offer are all related terms, but do not specifically refer to a commonly accepted method of commercial dealing.