Asked by Edgar Quinones on May 07, 2024

verifed

Verified

The UCC defines course of dealing as ________

A) the trading norm of an industry.
B) the transactions of how industry handles the course of dealing.
C) the course of performance of an industry.
D) previous commercial transactions between the same parties.
E) the course of dealings between industries within a specific region.

Course of Dealing

The pattern of previous conduct between parties that establishes a common basis for understanding their future transactions and behaviors.

  • Elucidate the implications of trade usage, course of dealing, and course of performance, and their importance as per the Uniform Commercial Code.
verifed

Verified Answer

NA
Nicole AntarMay 08, 2024
Final Answer :
D
Explanation :
The UCC (Uniform Commercial Code) defines "course of dealing" as the sequence of previous commercial transactions between the same parties that establishes a common basis for understanding how they are to perform under a particular agreement. This concept helps in interpreting the terms of a contract and the parties' intentions.