Courts are generally more liberal in allowing duration ambiguity in terms in business contracts under the UCC than when interpreting private contracts under common law. This statement is **true**. Here's why:
1. **Uniform Commercial Code (UCC):**
- The UCC is a set of laws governing commercial transactions adopted by all states with some variations.
- Courts interpreting business contracts under the UCC tend to be more lenient when there is ambiguity in the duration of terms.
- The UCC emphasizes the need for flexibility and efficiency in business dealings, so courts are more willing to fill in gaps in contract terms to promote fairness and enforceability.
2. **Common Law:**
- Private contracts under common law follow traditional legal principles developed through court decisions.
- Common law is generally stricter when it comes to interpreting contracts, especially regarding ambiguity in terms.
- Courts applying common law principles might be less willing to imply or infer terms to fill gaps in a contract if the terms are not clearly defined.
In summary, the UCC's approach to duration ambiguity in business contracts is more permissive compared to common law principles applied to private contracts, making the statement true.
