Asked by
Rishi Nayer
on Nov 27, 2024
Verified
The obligation of commercial reasonableness underlies every sales and lease contract.
Commercial Reasonableness
The standard by which business actions are judged, based on what a reasonable person would consider fair and appropriate under the circumstances.
- Understand the significance of acting in good faith and demonstrating commercial reasonableness within the context of sales and leasing agreements.
Verified Answer
LF
Learning Objectives
- Understand the significance of acting in good faith and demonstrating commercial reasonableness within the context of sales and leasing agreements.