Terms and Obligations of K Flashcards
Rest §205, UCC §1-304
Every contract has an implied duty of good faith
Can you define good faith?
No, it varies by the particular facts and circumstances. Sometimes defined as the absence of bad faith/ parties shirking off/inducing breach; acting against the spirit of the K. (Uses Cases as an example)
Fair dealing
Good faith cases
Stop & Shop v. Ganem
Bad faith cases
Goldberg Corp v. Levy
Stop & Shop v. Ganem
Turns on tenant’s purpose for doing what they did & this was done for a good reason
Gap Fillers, Illusory Promises, Warranties, Parole Evidence Rule.
Is Gap fillers UCC only?
If there are material elements missing what does the Case Law/Rest. Say?
Illusory Promises –
Warranties:
Parole Evidence Rule: Contradictory vs. Supplementary Terms
Total Integration
No C or S
Partial Integration
No C, but can S
No Integration
Can have C and S
Can you have total integration for a part of a K?