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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 .
In Manifest Shipping Co Ltd v Uni-Polaris Shipping Co Ltd [1] John Hobhouse, Baron Hobhouse of Woodborough said, . As Lord Mustill points out, Lord Mansfield was at the time attempting to introduce into English commercial law a general principle of good faith, an attempt which was ultimately unsuccessful and only survived for limited classes of transactions, one of which was insurance.
most abundant faith: Or "utmost good faith" (cf. bona fide). A legal maxim of insurance contracts requiring all parties to deal in good faith. ubertas et fidelitas: fertility and faithfulness: Motto of Tasmania. ubi amor, ibi dolor: where [there is] love, there [is] pain: ubi bene, ibi patria: where [it is] well, there [is] the fatherland
The concept of good faith was established in the insurance industry following the events of Carter v Boehm (1766), and is enshrined in the Insurance Contracts Act 1984 (ICA). [26] The act stipulates, in Section 13, obligations of all parties within a contract to act with utmost good faith.
in good faith: In other words, "well-intentioned", "fairly". In modern contexts, often has connotations of "genuinely" or "sincerely". Bona fides is not the plural (which would be bonis fidebus), but the nominative, and means simply "good faith". Opposite of mala fide. bona notabilia: note-worthy goods
A contract uberrimae fidei is a contract of 'utmost good faith', and include contracts of insurance, business partnerships, and family agreements. [27] When applying for insurance, the proposer must disclose all material facts for the insurer properly to assess the risk.
Image credits: Miserable-End6563 Acts of kindness are also reasonably common, even if people don’t feel that way most of the time. In 2021, the BBC launched a “Kindness Test,” which more ...
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]