(solution) BUSINESS L 110 Under the UCC, the obligation of “good faith”

(solution) BUSINESS L 110 Under the UCC, the obligation of “good faith”

Under the UCC, the obligation of “good faith”:Select one:a. Applies only to merchants b. Requires that parties to a contract must perform their duties with “honesty in fact in the transaction concerned.” c. Is a limited concept because this requirement can be modified in the course of dealing or usage of traded. Means that purchasers can avoid injury