Still Keeping the Faith: The Duty of Good Faith Revisited
The duty of good faith and fair dealing is implied in every contract. The Restatement (Second) Contracts, Section 205 states: “Every contract imposes upon each party a duty of good faith and fair dealing in its performance and enforcement.” The Uniform Commercial Code (UCC) also imposes a duty of good faith. UCC Section 1-203 provides: “Every contract or duty...
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