Ohio Code 1301.304 – Obligation of good faith – UCC 1-304
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Obligation of good faith [UCC 1-304]
Terms Used In Ohio Code 1301.304
- 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.
Every contract or duty within Chapters 1301., 1302., 1303., 1304., 1305., 1307., 1308., 1309., and 1310. of the Revised Code imposes an obligation of good faith in its performance and enforcement.