Rhode Island § 37-2-3 § 37-2-3. Supplemental general principles of law — Obligation of good faith.

Rhode Island Statutes

§ 37-2-3 — § 37-2-3. Supplemental general principles of law — Obligation of good faith.

Rhode Island·Title 37 Public Property and Works·Ch. 37-2 State Purchases

§ 37-2-3. Supplemental general principles of law — Obligation of good faith.
(a) Unless displaced by the particular provisions of this chapter, the principles of law
            and equity, including the Uniform Commercial Code, Title 6A, the law merchant, and
            the law of contracts, including, but not limited to, agency, fraud, misrepresentation,
            duress, coercion, mistake, and bankruptcy, shall supplement these provisions.
         
(b) Every contract or duty under this chapter shall impose upon both parts the obligation
            of good faith in its performance and/or enforcement. "Good faithâ€� shall mean honesty
            in fact in the conduct 

Free access — add to your briefcase to read the full text and ask questions with AI

§ 37-2-3. Supplemental general principles of law — Obligation of good faith.

(a) Unless displaced by the particular provisions of this chapter, the principles of law and equity, including the Uniform Commercial Code, Title 6A, the law merchant, and the law of contracts, including, but not limited to, agency, fraud, misrepresentation, duress, coercion, mistake, and bankruptcy, shall supplement these provisions.

(b) Every contract or duty under this chapter shall impose upon both parts the obligation of good faith in its performance and/or enforcement. "Good faithâ€� shall mean honesty in fact in the conduct or transaction concerned and the observance of reasonable commercial standards of fair dealing.

Rhode Island § 37-2-3 (§ 37-2-3. Supplemental general principles of law — Obligation of good faith.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.