As Used in the Uniform Commercial Code (UCC), the Concept

question 29

Multiple Choice

As used in the Uniform Commercial Code (UCC) , the concept "reasonable":

• A) is a practical standard used to gauge what people really do in the marketplace.
• B) is a theoretical concept based on the "reasonable person standard" of tort law.
• C) refers to the capacity to contract.
• D) refers to what a reasonable person would do in the marketplace.

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Definitions:

Fugitive Slaves

African American slaves who escaped from slavery in the Southern United States to the North or to Canada, where slavery was illegal, before the Civil War.

Self-Referent Encoding

The process of relating new information to oneself, which enhances memory and recall of the information.

Semantic Encoding

The process of encoding information according to its meaning, allowing for deeper processing and better memory retention.

Deep Processing Encoding

A method of encoding information that involves meaningful analysis of the material, leading to better memory retention compared to shallow processing.