#FAITH MEANING SERIES#
There is also a requirement under the National Labor Relations Act that employers and unions bargain in good faith.This is the first post in a three-part series titled “Three Things Remain.” The purpose of this series is to go deeper into the meaning of the three greatest gifts: faith, hope, and love. The law also generally requires good faith of fiduciaries and agents acting on behalf of their principals. imposes an obligation of good faith on the performance of every contract or duty under its purview. amendments have not been adopted, this definition is found in Article 3 on negotiable instruments (and applies to Article 4 on bank deposits and collections and Article 4A on funds transfers), while Article 2 on sales defines it as “honesty in fact and the observance of reasonable commercial standards of dealing in the trade.” Article 5 (letters of credit), as amended, defines it as “honesty in fact in the conduct or transaction concerned.” The U.C.C.
#FAITH MEANING CODE#
In section 1-201 of the Uniform Commercial Code good faith is defined generally as “honesty in fact and the observance of reasonable commercial standards of fair dealing.” Where recent U.C.C. A person is said to buy in good faith when he or she holds an honest belief in his or her right or title to the property and has no knowledge or reason to know of any defect in the title.
The meaning of good faith, though always based on honesty, may vary depending on the specific context in which it is used. : honesty, fairness, and lawfulness of purpose : absence of any intent to defraud, act maliciously, or take unfair advantage filed the suit in good faith negotiating in good faith - see also good faith exception, good faith purchaser - compare bad faith These example sentences are selected automatically from various online news sources to reflect current usage of the word 'good faith.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Ian Beacock, The New Republic, 13 July 2022 At the risk of stating the obvious, Meta cannot be trusted to act in good faith here: their raison d’être for investing so deeply into the metaverse in the first place is their desire to, at last, create a walled garden of their own. Naman Ramachandran, Variety, 19 July 2022 At any rate, this debate isn’t possible to conduct in good faith without being honest about the core disagreements and the alternate visions. Vivian Yee,, 24 July 2022 Still, other critics believe that originalism, even when applied in good faith, often has unacceptably harmful consequences.Įmma Green, The New Yorker, 24 July 2022 Labor organizers have questioned whether these moves were being made in good faith.ĭanielle Wiener-bronner And Chris Isidore, CNN, 19 July 2022 Everyone – broadcasters, streamers, crew as well as independent producers who have been negotiating in good faith – will lose if that happens.
Lisa Phu, Anchorage Daily News, 27 July 2022 For the past eight years, Ukraine always acted in good faith and tried everything possible and sometimes impossible, to end the war.ĬBS News, 24 July 2022 The strikes on Odessa, Markarova said, demonstrated that Russia was not operating in good faith. Recent Examples on the Web The union plans to continue to negotiate in good faith through the mediation process, Rickard said, but if the administration decides to walk away from that process, the union is considering other routes to an agreement.
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