Means Good Faith in Relation to Transactions Between Parties Who

question 49

Multiple Choice

means good faith in relation to transactions between parties who are not merchants.

• A)Honesty in law and also reasonable commercial standards of fair dealing
• B)Honesty in law
• C)Honesty in fact and also reasonable commercial standards of fair dealing
• D)Honesty in fact and honesty in law
• E)Honesty in fact

---

Definitions:

Equitable Principle

Legal maxims or foundational principles aimed at achieving fairness in judicial decisions.

State Constitution

The fundamental governing document of a U.S. state, outlining the structure, functions, and powers of state government and securing rights to its citizens.

Sociological Jurisprudence

A philosophical approach to law that focuses on the social effects of legal institutions, doctrines, and practices, by examining how the law influences society and how social phenomena impact the law.

Natural Law

a philosophy proposing that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.