Which of the Following Is True Regarding the Definitions of "Reasonable

question 74

Multiple Choice

Which of the following is true regarding the definitions of "reasonable" and "commercial reasonableness" in Articles 2 and 2A of the UCC?

• A) The UCC specifically defines those terms in section 2-103.
• B) The UCC defines those terms in the context of common usage only.
• C) The UCC defines those terms by reference to a special UCC glossary.
• D) The UCC does not specifically define the terms. Instead, their meaning is determined by reference to such matters as the course of performance or the course of dealing between the parties, and usage of trade.
• E) The UCC specifically defines "reasonable," but not "commercial reasonableness."

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Definitions:

Property Right Exemption

Legal provisions that protect certain properties from seizure or claims by creditors.

Writ Of Execution

A court order authorizing the enforcement of a judgment, typically involving the seizure or sale of the debtor's property.

Order Of Attachment

A court order directing the seizure of a debtor's property to secure satisfaction of a judgment.

Writ Of Garnishment

A legal order issued by a court that allows for the withholding of a person's assets or earnings for the payment of a debt.