Examples are automatically compiled from online sources to
show current usage.Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
It could be perceived as lack of seriousness, let alone good faith.—Thomas G. Moukawsher, MSNBC Newsweek, 17 Apr. 2025 The bankruptcy trustee said these actions were grossly negligent, inconsistent with the obligation of good faith and fair dealing, and a waste of ECE International’s assets.—Robert A. Cronkleton, Kansas City Star, 16 Apr. 2025 Starbucks remains committed to good faith bargaining to reach a framework for single store contracts for our partners represented by the union.—Rosemary Feitelberg, Footwear News, 16 Apr. 2025 Local News News Wine tasting room owners defend themselves, commit to continuing fight to stay in business
While Richmond councilmembers say the city has been patient with Riggers Loft's financial troubles, the small business owners argue negotiations haven't been done in good faith.—Sierra Lopez, Mercury News, 14 Apr. 2025 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.
Share