The Definition of "Usage of Trade" Includes

question 37

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)separation rules that apply to transactions between merchants.
• D)All of the above.

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Definitions:

Quality

The degree to which a product, service, or process meets specified criteria or exceeds customer expectations.

Moderate

Average in size, intensity, or degree; not extreme.

Conflict Intensity

Describes the degree or severity of discord or disagreements among individuals or groups, which can range from mild disagreements to severe disputes.