Termination of Contractual Relations for Other than breach

Question 1

Whether a merchant seeking to terminate a business agreement must act in good faith by practicing honesty in fact and observing reasonable commercial standards of fair dealing in that trade.

Answer 1

Yes. A merchant seeking to terminate a business agreement must act in good faith by practicing honesty in fact and observing reasonable commercial standards of fair dealing.

Question 2

whether a covenant of good faith & fair dealing implied in employment contracts?

Answer 2

No. Theres no implied covenant of good faith and fair dealing in employment contracts

Question 3

Public policy exception

Answer 3

Allows an employee to recover aginst an employer if employee was fired in violation of a public policy

Question 4

Implied covenant of good faith & fair dealing

Answer 4

Limits an employer freedom from discharging employees
Most states reject this^^^^^^

Question 5

States combine both public policy & implied covenant

Answer 5

Covenant is breached only if an employee discharged is against public policy