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:
“They are free, but not entirely free. For Law is despot over them, and they fear him much more than your men fear you.”
—Herodotus (c. 484–424 B.C.)
“The basis of good manners is self-reliance. Necessity is the law of all who are not self-possessed.”
—Ralph Waldo Emerson (1803–1882)