Under the Code,"good Faith" for Merchants Is Defined as "Honesty

question 25

True/False

Under the Code,"good faith" for merchants is defined as "honesty in fact in the conduct or transaction concerned."

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Definitions:

Response Correct

An accurate or appropriate reply to a question or situation.

Personal Responsibility

The obligation to hold oneself accountable for one's own actions, decisions, and their consequences.

Company Fault

A situation where a mistake or wrongful act can be attributed to a company or corporation, typically leading to liability or responsibility.

Natural Fabrics

Materials derived from animals, plants, or mineral sources, used in textile production without synthetic processes.