Asked by Andrew Cavender on May 26, 2024
Verified
Uniform Commercial Code Section ________ requires good faith in the performance and enforcement of every contract.
A) 1-204
B) 2-205
C) 3-301
D) 3-302
E) 1-304
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions between states, ensuring consistency and predictability in business dealings.
Good Faith
Acting with honesty and integrity in dealings without any intent to defraud or seek an unfair advantage.
- Understand the legal frameworks governing the sale of goods which encompass the perfect tender rule, the notion of good faith, and the standard of commercial reasonableness.
Verified Answer
AP
Alyize PiedraMay 29, 2024
Final Answer :
E
Explanation :
According to Uniform Commercial Code Section 1-203,good faith is required in the performance and enforcement of every contract.
Learning Objectives
- Understand the legal frameworks governing the sale of goods which encompass the perfect tender rule, the notion of good faith, and the standard of commercial reasonableness.