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:
“There’s no law against taking off a spaceship. It’s never been done so they haven’t gotten around to prohibiting it.”
—Rip Van Ronkel, and Robert A. Heinlein (1907–1988)
“Nor has science sufficient humanity, so long as the naturalist overlooks the wonderful congruity which subsists between man and the world; of which he is lord, not because he is the most subtile inhabitant, but because he is its head and heart, and finds something of himself in every great and small thing, in every mountain stratum, in every new law of color, fact of astronomy, or atmospheric influence which observation or analysis lay open.”
—Ralph Waldo Emerson (1803–1882)