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In U.S. law, the legal concept of implied covenant of good faith and fair dealing arose in the mid-19th century because contemporary legal interpretations of “the express contract language, interpreted strictly, appeared to grant unbridled discretion to one of the parties”. [1]
in good faith Implies sincere good intention regardless of outcome. / ˈ b oʊ n ə ˈ f aɪ d i / bona vacantia: ownerless goods cadit quaestio: the question falls Indicates that a settlement to a dispute or issue has been reached, and the issue is now resolved. casus belli: case of war The justification for acts of war. / ˈ k eɪ s ə s ˈ b ...
In human interactions, good faith (Latin: bona fidēs) is a sincere intention to be fair, open, and honest, regardless of the outcome of the interaction.Some Latin phrases have lost their literal meaning over centuries, but that is not the case with bona fides, which is still widely used and interchangeable with its generally accepted modern-day English translation of good faith. [1]
Legal term derived from fides ("faith"), originating at least from Medieval Latin to denote a statement under oath. age quod agis: do what you do: i.e., "do what you are doing," or "do well whatever you do." Figuratively, it means "keep going, because you are inspired or dedicated to do so."
Uberrima fides (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning "utmost good faith" (literally, "most abundant faith"). It is the name of a legal doctrine which governs insurance contracts. This means that all parties to an insurance contract must deal in good faith, making a full declaration of all material facts ...
While most jurisdictions in the world have some form of good faith within their legal systems, there exists debate as to how good faith should be evaluated and measured. [7] For example, in the United States—a common law jurisdiction—the implied duty of good faith and fair dealing exists in all commercial contracts.
Good faith is a sincere intention to be fair, open and honest. Good faith may also refer to: Good faith (law), implied covenant of honesty and fair dealing in contract law; Good Faith (Rik Emmett album) (2003), eighth studio album by Canadian guitarist Rik Emmett; Good Faith (Madeon album), a 2019 album by French DJ and producer Madeon
The term is not defined in statute law, but has been defined in legal cases. One case was Keaveney v. Geraghty, [3] where the plaintiff's libel proceedings were stayed on the grounds that they were, inter alia, frivolous, vexatious, and "an abuse of the process of the Court". The plaintiff was effectively declared a vexatious litigant.