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The fact that a contract is one of utmost good faith does not mean, however, that it gives rise to a general fiduciary relationship. The relationship between insured and insurer is not akin to the relationship between, say, guardian and ward, principal and agent, [3] or trustee and beneficiary. In these latter instances, the inherent character ...
Ordinary contracts do not require "good faith" as such, [20] and mere compliance with the law is sufficient. However in particular relationships silence may form the basis of an actionable misrepresentation: [21] [22] Agents have a fiduciary relationship with their principal. They must make proper disclosure and must not make secret profits.
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 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.
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]
Many Christians believe that women and men are spiritually equal, and that their equality should be expressed in the Church's life. While some perspectives within the religion uphold equality between the sexes, others more rooted in the patriarchy of the ancient world equate cultural principles with religious ones to oppress women.
The utmost good faith shall always be observed towards the Indians; their lands and property shall never be taken from them without their consent; and, in their property, rights, and liberty, they shall never be invaded or disturbed, unless in just and lawful wars authorized by Congress; but laws founded in justice and humanity, shall from time ...