The Definition of "Usage of Trade" Includes

question 52

Multiple Choice

The definition of "usage of trade" includes:

• A)a sequence of previous conduct between the parties that may fairly be regarded as establishing a common basis of understanding for interpreting their expressions and agreement.
• B)a practice regularly observed and followed in a place, vocation, or trade.
• C)separate rules that apply to transactions between merchants.
• D)All of the above.

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Definitions:

Clear Feedback

Straightforward, unambiguous responses or evaluations regarding performance, intended to encourage improvement or reinforce positive behaviors.

Active Listening

A communication technique that requires the listener to fully concentrate, understand, respond, and then remember what is being said.

Processing

The act of understanding and remembering what is being said as well as making an effort to empathize with the speaker’s feelings and thoughts and the situation at hand.

Remembering

The process of recalling or recognizing information, experiences, or people from one's past.