§ 2-351.03. Obligation of good faith.

Current through October 23, 2012

Every contract or duty within this chapter imposes an obligation of good faith in its performance or enforcement. For purposes of this chapter, the term "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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(Apr. 8, 2011, D.C. Law 18-371, § 103, 58 DCR 1185.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications

2001 Ed., § 2-351.03.

Legislative History of Laws

For history of Law 18-371, see notes under § 2-351.01.