In Law
In contract law, the implied covenant of good faith is a general presumption that the parties to a contract will deal with each other honestly, fairly, and in good faith, so as to not destroy the right of the other party or parties to receive the benefits of the contract.
Read more about this topic: Good Faith
Famous quotes containing the word law:
“The greatest step forward would be to see that everything factual is already theory. The blueness of the sky reveals the basic law of chromatics. Don’t look for anything behind the phenomena, they themselves are the doctrine.”
—Johann Wolfgang Von Goethe (1749–1832)
“Who does not know history’s first law to be that an author must not dare to tell anything but the truth? And its second that he must make bold to tell the whole truth? That there must be no suggestion of partiality anywhere in his writings? Nor of malice?”
—Marcus Tullius Cicero (106–43 B.C.)