Examlex
Which item is an indication of competence under the Standards of Ethical Conduct?
Reasonable Grounds
Reasonable grounds refers to a set of facts or circumstances that would lead a person of ordinary caution and prudence to believe or suspect that a certain fact or event has occurred or is the case.
UCC
Stands for the Uniform Commercial Code, a standardized collection of laws and regulations that govern commercial transactions in the United States.
Revoke Acceptance
The act of formally withdrawing acceptance of an offer in a contract, typically due to the discovery of a defect or misrepresentation that significantly affects the contract's value.
Nonconformity
The failure of a product, document, or service to meet specified or implied standards or expectations.
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