Hemi's Car Parts, Inc. and Jule's Jewels Automotive, LLC are in a contract dispute. Under UCC Section 1-304, what is the good faith standard imposed on merchants?

Multiple Choice

• Nothing, since the UCC only imposes a good faith obligation on merchants in transactions with non-merchants
• Reasonable customer service based on an objective standard
• Nothing, since merchants are held to a higher standard than non-merchants in terms of protecting themselves in contract negotiations and disputes
• Reasonable customer service based on a subjective standard
• Honesty in fact and reasonable commercial standards of fair dealing