Legal Definition and Related Resources of Good Faith
Meaning of Good Faith
In its traditional sense good faith denotes a moral quality ; it is equated with honesty of purpose, freedom from fraudulent intent, faithfulness to duty or obligation . See Roab v Casper, 124 Cal. Rptr. 590, 51 C.A.3d 866. A thing is said to be done in good faith when it is done honestly and without any notice of any wrong doing or any knowledge of any circumstances which ought to put a reasonable man up on enquiry. §1-201(19), U.C.C. defines the phrase as honesty in fact in the conduct or transaction concerned.
Good Faith Alternative Definition
Honesty; absence of fraud, collusion, or deceit. 91 Wis. 464. See “Bona Fide Purchaser.”
Related Entries of Good Faith in the Encyclopedia of Law Project
Browse or run a search for Good Faith in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Good Faith in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Good Faith in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Good Faith in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Bargain In Good Fait, Bona Fide, Concealment, Constructive, Electric Utility Company, Facility Of Payment Clause, Holder In Due Course, Insurance, Negotiable Instrument, Privilege, Stale.
Good Faith Legal Definition
An honest belief, the absence of malice and the absence of design to defraud.
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| Resource | Description |
|---|---|
| Good Faith in the Dictionary | Good Faith in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Good Faith |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Good Faith in the World Encyclopedia of Law |
Notice
This definition of Good Faith is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/good-faith/ | The URI of Good Faith (more about URIs) |
Good faith in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims
Honest, lawful intent; the condition of acting without knowledge of fraud and without intent to assist in a fraudulent or otherwise unlawful scheme.
Note: This legal definition of Good faith in the Dictionary of Law (English and American Jurisprudence) is from 1893.
Good faith in Law Enforcement
Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of good faith.
Good Faith in Maritime Law
Note: There is more information on maritime/admiralty law here.
The following is a definition of Good Faith , produced by Tetley, in the context of admiralty law: [Translation of Good Faith in French: “bonne foi”] [Sp.: “buena fe”] [It.: “buona fede”] [Translation of Good Faith in German: “guter Glaube”]- A principle found throughout the civil law, to the effect that parties must negotiate and carry out a contract honestly and fairly. Thecommon law, in recent years, has adopted the principle to some extent, especially in the negotiations, prior to reaching a final agreement. Good faith is a basic principle of such modern conventions, rules and codes as the Vienna Sales Convention, 1980; the UNIDROIT Principles of International Commercial Contracts 1994/2004 and theUniform Commercial Code. See Tetley, Int’l. M. & A. L., 2003 at pp. 174-175; Tetley, “Good Faith in Contract: Particularly in the Contracts of Arbitration and Chartering” (2004) 35 JMLC 561-616 and on-line at Good Faith in Contract, Particularly in the Contracts of Arbitration and Chartering (Corrective vs. Distributive Justice) .
Resources
See Also
- Law Enforcement Officer
- Police Work
- Law Enforcement Agency
Further Reading
- good faith in A Dictionary of Law Enforcement (Oxford University P
ress) - good faith in the Encyclopedia of Law Enforcement
- A Treatise on the Police of the Metropolis
English Legal System: Good Faith
In the context of the English law, A Dictionary of Law provides the following legal concept of Good Faith : Honesty. An act carried out in good faith is one carried out honestly. Good faith is implied by law into certain contracts, such as those relating to commercial agency.
See also uberrimae fidei.
Concept of Good Faith in the context of Real Property
A short definition of Good Faith: Something done with good intentions, without knowledge of fraudulent circumstances, or reason to inquire further.
Concept of Good Faith in the context of Real Property
A short definition of Good Faith: Something done with good intentions, without knowledge of fraudulent circumstances, or reason to inquire further.
What is Good Faith?
A definition of good faith is: “Good faith” as used in statute requiring debtor to propose Chapter 13 plan in good faith has a meaning consisting of two elements: honesty of purpose and full and complete disclosure of the financial facts of the debtor. More details on the Encyclopedia. Matter of Harper, Bkrtcy. More details on the Encyclopedia.Ga. More details on the Encyclopedia., 11 B. More details on the Encyclopedia.R. More details on the Encyclopedia. 395, 396.[1]
Resources
Notes
- “Good Faith” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)
See Also
What is Good Faith?
A definition of good faith is: “Good faith” required of a liability insurer in determining whether to accept settlement within policy limits implies honesty, fair dealing and full revelation; while “bad faith” implies dishonesty, fraud and concealment.[1]
Resources
Notes
- “Good Faith” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)
See Also
What is Good Faith?
A definition of good faith is: Good faith is an intangible and abstract quality with no technical meaning or statutory definition, and it encompasses, among other things, an honest belief, the absence of malice and the absence of design to defraud or to seek an unconscionable advantage, and an individual’s personal good faith is concept of his own mind and inner spirit and, therefore, may not conclusively be determined by his protestations alone. More details on the Encyclopedia. Doyle v. More details on the Encyclopedia. Gordon, 158 N. More details on the Encyclopedia.Y. More details on the Encyclopedia.S. More details on the Encyclopedia.2d 248, 259, 260. More details on the Encyclopedia. Honesty of intention, and freedom from knowledge of circumstances which ought to put the holder upon inquiry. More details on the Encyclopedia. An honest intention to abstain from taking any unconscientious advantage of another, even through technicalities of law, together with absence of all information, notice, or benefit or belief of facts which render transaction unconscientious. More details on the Encyclopedia. In common usage this term is ordinarily used to describe that state of mind denoting honesty of purpose, freedom from intention to defraud, and, generally speaking, means being faithful to one’s duty or obligation.[1]
Resources
Notes
- “Good Faith” in the White America Dictionary (New York, Los Angeles, London, New Delhy, Hong Kong, 1989)
See Also
- Bona fide. More details on the Encyclopedia. Compare Bad faith
Good faith in Global Commerce Policy
In this regard, good faith is: also referred to as bona fides. The principle is defined in the Vienna Convention on the Law of Treaties to the effect that a state is obliged to refrain from acts which would defeat the object and purpose of a treaty . The WTO Understanding on Rules and Procedures Governing the Settlement of Disputes exhorts members to enter and engage in consultation, dispute settlement and arbitration procedures in good faith. The Understanding does not describe the meaning of good faith . The entries on trade policy in the Encyclopedia are here. One panel report (United States − Section 310-310) thought is was notoriously difficult, or at least delicate, to construe the requirement that a treaty shall be interpreted in good faith . . ., not least because of the possible imputation of bad faith to one of the parties . However, the Understanding gives some helpful pointers. The entries on trade policy are here. Article 3.7 asks members to exercise their judgement whether an action would be fruitful. The entries on trade policy are here. It stresses that the aim of the dispute settlement mechanism is to secure a positive solution to a dispute, and that a solution acceptable to both parties and consistent with the WTO rules is clearly preferable. The entries on trade policy are here. Article 3.10 says that requests for conciliation and the use of the dispute settlement procedures should not be intended or considered as contentious acts, and hence that all members would engage in the procedures in good faith to resolve the dispute. The entries on trade policy are here. It continues that complaints and counter-complaints in regard to distinct matters should not be linked. The entries on trade policy are here. At the very least we can therefore say that the WTO setting for the settlement of disputes should not be considered a suitable venue for vexatious behaviour, and that members should do nothing to undermine the intent of the rules. But the panel proceedings are adversarial. The entries on trade policy are here. Industries asking for the initiation of consultations and their political backers expect results. The heat is therefore easily turned up. The entries on trade policy are here. Against this background it is surprising how few disputes have led to bad blood. The entries on trade policy are here. Equally impressive is the extent to which parties so far have participated in dispute settlement and implemented panel decisions in good faith.[1]
Good faithin the wold Encyclopedia
For an introductory overview on international trade policy, see this entry.
Resources
Notes and References
- Dictionary of Trade Policy, “Good faith” entry (OAS)
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