Minnesota Statutes 515B.1-113 – Obligation of Good Faith
Current as of: 2023 | Check for updates
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Every contract or duty governed by this chapter imposes an obligation of good faith in its performance or enforcement.
Terms Used In Minnesota Statutes 515B.1-113
- Contract: A legal written agreement that becomes binding when signed.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.