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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 .
uberrima fides: 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 ...
In a case from the 19th century that is still referred to today, Murray v.Beard, 7 N.E. 553, 554-55 (N.Y. 1886), the New York Court of Appeals held that a broker could not recover commissions from his employer, holding that "An agent is held to uberrima fides in his dealings with his principal; and if he acts adversely to his employer in any part of the transaction ... it amounts to such a ...
Insurance contracts are governed by the principle of utmost good faith (uberrima fides), which requires both parties of the insurance contract to deal in good faith and in particular, imparts on the insured a duty to disclose all material facts that relate to the risk to be covered. [12]
uberrima fides: most abundant faith Concept in contract law specifying that all parties must act with the utmost good faith. ubi eadem ratio, ibi idem jus: where there is the same reason there is the same law; [14] like reason doth make like law. [15] See the judgment of Lord Holt CJ in Ashby v White. ubi jus ibi remedium
The European principle was based on the assumption of good faith on the part of the merchants, or uberrima fides, something completely lacking in English law. [47] In Carter v Boehm (1746) 3 Burr 1905, 96 ER 342, Mansfield got a chance to reform the law relating to the assumption of good faith.
bona fide: 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
Lord Mansfield decides the landmark case of Carter v Boehm in English contract law, establishing the duty of utmost good faith (uberrima fides) in insurance contracts. The first golf club in England opens, at Blackheath in Kent. [6]