Multiple Choice
Which of the following is a provision of obligation of good-faith dealings under Section 1-203 of the Uniform Commercial Code (UCC) ?
A) Consideration is required for modification of a sales contract made in good faith.
B) In determining the intent a reasonable person would have had, due consideration is to be given to any practices which the parties have established between themselves.
C) Every contract or duty within this Act imposes an obligation of good faith in its performance or enforcement.
D) If the court finds the contract to have been unconscionable at the time it was made, the court may refuse to enforce the contract.
E) A proposal for concluding a contract addressed to one or more specific persons constitutes an offer if it is sufficiently definite and indicates the intention of the offeror.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Define a sale. Are gifts and bailment
Q37: A "firm offer" under Article 2 or
Q38: Mr. Russell buys a watch for his
Q39: There is a significant difference between the
Q40: Pauline's Print Mart (PPM) discussed with Martin
Q42: The lessor is the one who transfers
Q43: Under common law, consideration is _.<br>A) required
Q44: Most of the Code's rules are not
Q45: According to the Uniform Commercial Code (UCC),
Q46: The Uniform Commercial Code assumes that rules