A Sequence of Previous Conduct Between a Buyer and a Seller,which

question 7

Multiple Choice

A sequence of previous conduct between a buyer and a seller,which may be regarded as establishing an understanding for interpreting an agreement between the two parties,is known as:

• A) good faith.
• B) a course of dealing.
• C) a course of performance.
• D) usage of trade.

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Definitions:

Natural Justice

A legal philosophy aimed at ensuring fairness in judicial, administrative, and decision-making processes, including the right to a fair hearing.

Procedural Rules

Standards and regulations guiding the processes and proceedings of courts or administrative bodies.

Retroactive

Pertaining to a law, amendment, or decision that takes effect from a date in the past, affecting actions or agreements that occurred before it was made.

Strategic Marketing Process

A method by which a firm strategically plans and implements marketing actions to reach its target markets and achieve competitive advantage.