The Definition of Commercial Reasonableness as Used in Contract Law

question 35

Multiple Choice

The definition of commercial reasonableness as used in contract law includes:

• A) the business judgment of expert business managers.
• B) that the practices customary in the type of transaction involved be used as a standard.
• C) the requirements to develop creative and innovative solutions never before used in a particular industry.
• D) at least one local business has adopted the standards in question.

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Definitions:

Inclusive Workplace

An environment that values diversity and incorporates practices that respect and embrace differences among employees.

Diversity

Refers to the inclusion of individuals from various backgrounds, cultures, genders, ethnicities, and beliefs in a group or organization, recognizing and valuing differences.

Disrespectful Behavior

Actions or words that show a lack of courtesy or respect towards others, often creating a hostile environment.

Cyberloafing

The act of using the internet for non-work-related activities during working hours, leading to productivity loss.