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The DC Code: § 2-351.03 Obligation of good faith.

Index2 Government Administration. (Refs & Annos)

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.

Historical and Statutory

Prior Codifications 2001 Ed., § 2-351.03. Legislative History of Laws For history of Law 18-371, see notes under § 2-351.01. DC CODE § 2-351.03 Current through December 11, 2012

Credits

(Apr. 8, 2011, D.C. Law 18-371, § 103, 58 DCR 1185.)