A Standard Determined in Terms of the Business Judgment of Reasonable

question 39

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)None of the above.

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Definitions:

Archetype

A very typical example of a certain person or thing, or an original model from which others are copied.

Temperament

The combination of innate traits that subconsciously influence an individual's behavior and reactions to the environment.

Humanist

A philosophical and ethical stance that emphasizes the value and agency of human beings, individually and collectively, often considered a central aspect of humanistic psychology.

Behaviorist

A psychologist who studies and applies principles of learning and behavior, emphasizing the role of environmental factors in shaping behavior.