Question

Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.

Answer 1

observing industry standards and practices that may be unique to the particular industry.

Step-by-step explanation:

Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.

For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.

It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.

In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.