MLchartDataset catalogue

Good faith

Term · Law · MLC-T-LAW-002325

Honesty in fact and the observance of reasonable commercial standards of fair dealing. This concept implies an absence of malice, fraud, or deceit, and a sincere intention to fulfill obligations or perform duties. Many legal doctrines, such as the bona fide purchaser rule, rely on the presence of good faith.

Table 1. Record
IdentifierMLC-T-LAW-002325
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002325",
  "term": "Good faith",
  "field": "Law",
  "definition": "Honesty in fact and the observance of reasonable commercial standards of fair dealing. This concept implies an absence of malice, fraud, or deceit, and a sincere intention to fulfill obligations or perform duties. Many legal doctrines, such as the bona fide purchaser rule, rely on the presence of good faith.",
  "url": "https://mlchart.com/terminology/law/good-faith/"
}

Record 2,234 of 5,439 in Law terminology (MLC-0107). Request the full dataset.