good faith

good faith
Fairness and equity. The antithesis of fraud and deceit. Acting in the absence of circumstances placing a man of ordinary prudence on inquiry. Pennington County Bank v First State Bank, 110 Minn 263, 125 NW 119 (accepting a forged check.) Acting with a sincere belief that the accomplishment intended is not unlawful or harmful to another. Smith v State, 214 Ind 169, 13 NE2d 562 (a physician prescribing a narcotic drug.) Acting in the belief that a prudent and sensible man would hold in the ordinary conduct of his own business affairs. Kelly v Fourth of July Mining Co. 21 Mont 291, 53 P 959 (issuance of stock.) Absence of improper motive and of a negligent disregard of the rights of others. Allen v Pioneer Press Co. 40 Minn 117, 41 NW 936 (rebutting malice in utterance or publication alleged to be defamatory.) Acting without culpable negligence or a wilful disregard of the rights of others and in the honest and reasonable belief that the act is rightful. Anno: 21 ALR2d 393 (a trespasser upon land taking property therefrom.)

Ballentine's law dictionary. . 1998.

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  • good faith — n [translation of Latin bona fides]: honesty, fairness, and lawfulness of purpose: absence of any intent to defraud, act maliciously, or take unfair advantage filed the suit in good faith negotiating in good faith see also good faith exception …   Law dictionary

  • Good faith — Good faith, or in Latin bona fide , is the mental and moral state of honesty, conviction as to the truth or falsehood of a proposition or body of opinion, or as to the rectitude or depravity of a line of conduct, even if the conviction is… …   Wikipedia

  • Good Faith — • A phrase employed to designate the mental and moral state of honest, even if objectively unfounded, conviction as to the truth or falsehood of a proposition or body of opinion, or as to the rectitude or depravity of a line of conduct Catholic… …   Catholic encyclopedia

  • good faith — is an intangible and abstract quality with no technical meaning or statutory definition, and it encompasses, among other things, an honest belief, the absence of malice and the absence of design to defraud or to seek an unconscionable advantage,… …   Black's law dictionary

  • good faith — is an intangible and abstract quality with no technical meaning or statutory definition, and it encompasses, among other things, an honest belief, the absence of malice and the absence of design to defraud or to seek an unconscionable advantage,… …   Black's law dictionary

  • good faith — ➔ faith * * * good faith UK US noun [U] ► a way of behaving that is honest: »Buyers have no right to keep a stolen car once it has been identified as stolen, even if it was bought in good faith. → Compare BAD FAITH(Cf. ↑ …   Financial and business terms

  • good faith — n [U] when a person, country etc intends to be honest and sincere and does not intend to deceive anyone in good faith ▪ The report claimed that the company had acted in good faith . sign/show/gesture etc of good faith ▪ A ceasefire was declared… …   Dictionary of contemporary English

  • good faith — noun uncount the intention of behaving in an honest and sincere way: in good faith: I borrowed the money in good faith, but now I can t pay it back …   Usage of the words and phrases in modern English

  • good faith — good′ faith′ n. accordance with standards of honesty, trust, sincerity, etc.: to act in good faith[/ex] • Etymology: 1890–95 …   From formal English to slang

  • good faith — n. absence of malice or any intention to deceive; good intentions; sincerity …   English World dictionary

  • good faith — ► NOUN ▪ honesty or sincerity of intention …   English terms dictionary

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