Examlex
All of the following are important characteristics of entrepreneurs EXCEPT
Good Faith
Acting with honesty and integrity in dealings, without intending to deceive or commit fraud.
UCC
Comprehensive legal guidelines for all commercial transactions in the United States are established by the Uniform Commercial Code.
Proper Reject
In the context of contracts or sales, a proper reject refers to the legitimate refusal to accept goods or services because they do not meet the agreed-upon specifications or standards.
Perfect Tender Rule
A principle in commercial law requiring goods delivered under a sales contract to exactly meet the terms of the agreement.
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