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Before this, good faith had been previously generally assumed, in deference to independent boards, with nary any heightened review threshold, much less any invocation to enjoin a transaction.—
Jeffrey Sonnenfeld,
Fortune,
6 Nov. 2026 Decades of dirty tricks, oceans of money in politics and machine politicking have left voters jaded and disillusioned, craving basic authenticity and good faith from their candidates.—
New York Daily News Editorial Board,
New York Daily News,
6 Nov. 2026 This would present both a unilateral demonstration of good faith and an opening gambit for negotiations on an economic security alliance.—
Theodore Bunzel,
Foreign Affairs,
2 Nov. 2026 McCormick rejected that approach, finding that the pending Pennsylvania proceedings would not undo actions Barrow had taken in good faith or change the trust’s entitlement to distributions.—
Preezy Brown,
VIBE.com,
29 Oct. 2026 See All Example Sentences for good faith
Note:
The meaning of good faith, though always based on honesty, may vary depending on the specific context in which it is used. A person is said to buy in good faith when he or she holds an honest belief in his or her right or title to the property and has no knowledge or reason to know of any defect in the title. In section 1-201 of the Uniform Commercial Code good faith is defined generally as “honesty in fact and the observance of reasonable commercial standards of fair dealing.” Where recent U.C.C. amendments have not been adopted, this definition is found in Article 3 on negotiable instruments (and applies to Article 4 on bank deposits and collections and Article 4A on funds transfers), while Article 2 on sales defines it as “honesty in fact and the observance of reasonable commercial standards of dealing in the trade.” Article 5 (letters of credit), as amended, defines it as “honesty in fact in the conduct or transaction concerned.” The U.C.C. imposes an obligation of good faith on the performance of every contract or duty under its purview. The law also generally requires good faith of fiduciaries and agents acting on behalf of their principals. There is also a requirement under the National Labor Relations Act that employers and unions bargain in good faith.