Arkansas Statutes

§ 19-11-211 — Obligation of "good faith"

Arkansas·Title 19
Every contract or duty within this subchapter imposes an obligation of good faith in its performance or enforcement. "Good faith" means honesty in fact in the conduct or transaction concerned and the observance of reasonable commercial standards of fair dealing.

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Legislative History

Acts 1979, No. 482, § 6; A.S.A. 1947, § 14-236.

Nearby Sections

15
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