Contracts
The duty of good faith and fair dealing in Georgia contract law requires contracting parties to:
AAlways agree on every negotiation point
BNot take actions that undermine the other party's right to receive the contract's benefits✓ Correct
CAlways use a real estate agent
DProvide complete financial disclosure
Explanation
Good faith and fair dealing is an implied covenant in all contracts. It prohibits parties from taking actions that unfairly deprive the other party of the benefit of their bargain.
Related Georgia Contracts Questions
- The Georgia Association of REALTORS (GAR) Purchase and Sale Agreement is an example of a:
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- A real estate contract's integration clause states that the written contract represents:
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