New Jersey Statutes

§ 12A:1-303 — Course of performance, course of dealing, and usage of trade.

New Jersey·Title 12A COMMERCIAL TRANSACTIONS

12A:1-303. Course of Performance, Course of Dealing, and Usage of Trade. a. A "course of performance" is a sequence of conduct between the parties to a particular transaction that exists if:

(1)the agreement of the parties with respect to the transaction involves repeated occasions for performance by a party; and (2) the other party, with knowledge of the nature of the performance and opportunity for objection to it, accepts the performance or acquiesces in it without objection. b. A "course of dealing" is a sequence of conduct concerning previous transactions between the parties to a particular transaction that is fairly to be regarded as establishing a common basis of understanding for interpreting their expressions and other conduct. c. A "usage of trade" is any practice or method of d

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