Good faith: Difference between revisions

Good faith (view source)

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	Actually, an American concept, articulated by the New York Court of Appeals as long ago as 1933<ref>''Kirke La Shelle Company v. The Paul Armstrong Company'' [https://en.m.wikipedia.org/wiki/Good_faith_(law) wikipedia]</ref> as follows:		{{a\|glossary\|}}Actually, an American concept, articulated by the New York Court of Appeals as long ago as 1933<ref>''Kirke La Shelle Company v. The Paul Armstrong Company'' [https://en.m.wikipedia.org/wiki/Good_faith_(law) wikipedia]</ref> as follows:
	:In every {{tag\|contract}} there is an [[Implied term\|implied]] covenant that neither party shall do anything, which will have the effect of destroying or injuring the right of the other party, to receive the [[fruits of the contract]]. In other words, every contract has an implied covenant of [[good faith]] and [[fair dealing]].		:In every {{tag\|contract}} there is an [[Implied term\|implied]] covenant that neither party shall do anything, which will have the effect of destroying or injuring the right of the other party, to receive the [[fruits of the contract]]. In other words, every contract has an implied covenant of [[good faith]] and [[fair dealing]].