The Difference Between the UCC Requirement of Good Faith and Doctrine

question 6

Multiple Choice

The difference between the UCC requirement of good faith and doctrine of unconscionability is that

• A)good faith prohibits shockingly one-sided terms in a contract.
• B)good faith focuses on the parties' behavior as they perform the contract.
• C)unconscionability looks at the parties' attempt to carry out the terms of the contract in a reasonable manner.
• D)unconscionability focuses on whether a party is honest in fact and exercises reasonable commercial standards of fair dealing.

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Definitions:

Ethical Screen

A set of criteria or principles used to make decisions that align with one's ethical or moral standards.

Social Responsibility

The obligation of individuals, groups, and organizations to act in a way that benefits society at large, including ethical practices, sustainability efforts, and community engagement.

Working Conditions

Refers to the environment and terms under which work is performed, including hours, physical aspects, legal rights, and responsibilities.

Strategic Leadership

Strategic Leadership refers to the ability of leading an organization towards its long-term goals by envisioning, planning, and implementing strategies that foster sustainable growth.