Vermont Statutes Title 27 Sec. 1-113
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Terms Used In Vermont Statutes Title 27 Sec. 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.
§ 1-113. Good faith
Every contract or duty governed by this title imposes an obligation of good faith on all parties in its performance or enforcement. (Added 1997, No. 104 (Adj. Sess.), § 3, eff. Jan. 1, 1999.)