Search results
Results from the WOW.Com Content Network
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]
Only Directive 86/653/EEC on the co-ordination of the laws of the member states relating to self-employed commercial agents has brought "good faith" to English commercial law. [24] On the European continent, good faith often is strongly rooted in the legal framework.
In addition to assuming good faith, encourage others to assume good faith by demonstrating your own good faith. You can do this by articulating your honest motives and by making edits that show your willingness to compromise, interest in improving Wikipedia, adherence to policies and guidelines, belief in the veracity of your edits, avoidance ...
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: wherever a right exists there is also ...
The word translated as "faith" in English-language editions of the New Testament, the Greek word πίστις (pístis), can also be translated as "belief", "faithfulness", or "trust". [13] Faith can also be translated from the Greek verb πιστεύω (pisteuo), meaning "to trust, to have confidence, faithfulness, to be reliable, to assure". [14]
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.
An earnest payment or earnest money is a specific form of security deposit made in some major transactions such as real estate dealings or required by some official procurement processes to demonstrate that the applicant is serious and willing to demonstrate an earnest of good faith about wanting to complete the transaction.
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