good faithfair dealingPrinciples of European Contract LawPECLUniform Commercial CodeUCCobligationscomparative lawhonesty in factpre-contractual liability"Good faith" is a notoriously amorphous and variable concept. Thus it is the interpretation and application of the concept that provides the most impo...
[(j) Reserved] [(j) "Good faith" means honesty in fact and the observance of reasonable commercial standards of fair dealing.] Legislative Note: The definition of "good faith" should not be adopted if the jurisdiction has enacted this definition as part of Article 1. (k) "Goods" means ...
2. Price to be set by P = price set in GOOD FAITH 3. If one P is to set price, but fails, other P can cancel K or set own reasonable price 4. HOWEVER, if Ps intend not to be bound but for SET PRICE, then K fails. If so, B must return/pay any goods received and S ret...
Once a security interest has been perfected a conflict may arise between the secured creditor and a third party (another creditor or good faith buyer) as to who has priority in the debtor's PIG property. 1. A creditor with a perfected security interest prevails over the debtor's general ...
Good faithUCCcontractsfair dealingcontractual dutiesreasonable commercial standardsreasonable expectationsRestatement (Second) of ContractsSecond Restatement of ContractsThis article examines areas of the law with thin jurisprudences on good faith, and how the Uniform Commercial Code's (UCC's) express ...