The Duty of Good Faith in Contract Interpretation
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- čas přidán 14. 02. 2019
- Good faith is an implied term in all contracts, but what does it mean to ask in good faith? Is it the same as acting without bad faith, or something more? This lesson provides some context to this murky issue, without trying too hard to define the inherently indefinable.
It would benefit the general population more to focus on what the available remedies are when a goliath breaches that implied covenant of good faith and fair dealing. It's probably often the only cause of action someone can rely upon to attempt to pursue justice.
A cop when they told me that that is only a myth. Unfortunately for him I was ready to argue with them all day long about it.
What a wonderful lecture and video. Thank you :)
Fainess,
Acting fairly is not imposing impossible terms such as :
"Return the bottom portion of this loan statement with your payment.. by this due date*, but not delivering the loan statement until 90 days past the due date stipulated.
Quebec City, Thank You.
SUPERB EXCELLENT .
What is the difference between utmost good faith and good faith
I'm being petty but at 11:10 he meant UCC 1-201 (19) he meant. Not 20.
Great lesson
Thanks for pointing this out! I am referring to the definition of "good faith." The Legal Information Institute has this listed as subsection 20. See www.law.cornell.edu/ucc/1/1-201. But other sources list this as subsection 19. See, e.g., www.uslawbooks.com/ajs/ucc1.pdf. This is a good reminder that the UCC is a model law which may come in variants, but the key thing is to identify how it has been adopted into statute by state legislature. States might also have minor variations on UCC language and numbering, although the general principles should still hold firm. Thanks again for your thoughtful and helpful comment!
@@BizLaw Ahhhh! Okay got it!
Thank you. I'm still learning...
@@Yahreshohn Me too! Thanks for sharing what you learned with me!
Plz make automatic CC available for all lessons.
Do you mean closed captioning? If so then yes I intended to do so. I am not sure why CC is not showing up on this video, but I will look into it and try to correct this! Thank you.
#nikkobriteramos
Please add subtitles.
perfect 👌
Good faith is unconstitutional, no if ands or buts about it!
Not if you use it to your convenience instead of being trampled by these businesses
This guy is going around in circles trying to understand something beyond reason
Your thought process is exactly why large corporations fuck the little people...