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:
“Law without education is a dead letter. With education the needed law follows without effort and, of course, with power to execute itself; indeed, it seems to execute itself.”
—Rutherford Birchard Hayes (1822–1893)
“We’re the victims of a disease called social prejudice, my child. These dear ladies of the law and order league are scouring out the dregs of the town. C’mon be a glorified wreck like me.”
—Dudley Nichols (1895–1960)