Changes

'''Good faith''' is a legal concept that means:

{{uncited}}'''Good faith''' is a [[legal]] concept that means:

*in commercial transactions, observance of reasonable standards of fair dealing

*in [[commercial]] transactions, observance of reasonable standards of fair dealing

*in issues concerning duty, an honest intention to fulfill one's obligations

*in issues concerning [[duty]], an [[honesty|honest]] intention to fulfill one's obligations

*in personal dealings, a lack of intent to seek unfair advantage or to defraud

*in personal dealings, a lack of intent to seek unfair advantage or to [[fraud|defraud]]

Good faith is hard to define, but is usually obvious.  When there is lack of good faith, it is typically clear.  In the rare instance of a genuine dispute about good faith, it would be handled in litigation as a question of fact for a jury.

Good faith is hard to define, but is usually obvious.  When there is lack of good faith, it is typically clear.  In the rare instance of a genuine dispute about good faith, it would be handled in [[litigation]] as a question of fact for a [[jury]].

[[category:law]]

[[category:law]]