Course of dealing, as defined by the Uniform Commercial Code (ucc), is best characterized as prior business dealings involving the same parties to a contract.
A "course of dealing" is a series of acts taken by the parties to a certain transaction in relation to earlier transactions that may be legitimately viewed as developing a shared understanding for interpreting their statements and other behavior.
A collection of commercial regulations known as the Uniform Commercial Code (UCC) governs financial agreements and business dealings between states. The nine distinct articles that make up the UCC code each address a different area of banking and loans.
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