Which of the Following May Be Considered a Commercially Reasonable

question 2

Multiple Choice

Which of the following may be considered a commercially reasonable manner by which notice of dishonor can be given to a secondarily liable party?

• A)Orally
• B)In writing
• C)Electronically
• D)Orally,in writing,or electronically
• E)By certified letter,return receipt requested only

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Definitions:

Personal Power

The influence or authority an individual has over others, derived from personal attributes or skills, rather than formal position.

Shared Leadership

A dynamic, interactive influence process through which individuals in teams lead one another.

Influence Process

The methods or techniques used to affect the behavior or attitudes of individuals or groups.

Social Exchange

Means that people build human relationships and trust through exchanges of favors based on reciprocity.