A Standard Determined in Terms of the Business Judgment of Reasonable

question 79

Multiple Choice

A standard determined in terms of the business judgment of reasonable persons familiar with the practices customary in the type of transaction involved and in terms of the facts and circumstances of the case is:

• A) good faith.
• B) a subjective standard.
• C) commercial reasonableness.
• D) business expertise.

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Definitions:

Estrogen

A group of steroid hormones that play a crucial role in developing and maintaining female sexual and reproductive characteristics.

Culturally Determined

Influenced or determined by the customs, beliefs, and social norms of a particular society or community.

Biologically Determined

Traits or behaviors that are influenced by genetic inheritance or biological factors, often contrasted with environmental influences.

Feminine

Characteristics or qualities traditionally associated with women or girls, often contrasted with "masculine," though definitions and associations can vary culturally and individually.