contract uberrimae fidei

contract uberrimae fidei
A contract which calls for the utmost of good faith and fair dealing between the parties, of which an insurance contract is a good example. 29 Am J Rev ed Ins § 689. See uberrima fides.

Ballentine's law dictionary. . 1998.

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  • Uberrimae Fidei Contract — A legal agreement requiring the highest standard good faith. Uberrimae fidei or uberrima fides is Latin for utmost good faith. Insurance contracts are the most common type of uberrimae fidei contract. Because the insurance company agrees to share …   Investment dictionary

  • Misrepresentation — This article is about a legal term. For the sociological one, see Misrepresentation (sociology). Misrepresentation is a contract law concept. It means a false statement of fact made by one party to another party, which has the effect of inducing… …   Wikipedia

  • Misrepresentation in English law — is an area of English contract law, which allows a person to escape a contractual obligation or claim compensation for losses. If one person can show that she entered an agreement because of another person s false assurances, then the other… …   Wikipedia

  • insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …   Law dictionary

  • Uberrima fides — (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning utmost good faith (literally, most abundant faith ). It is the name of a legal doctrine which governs insurance contracts. This means that all parties to an insurance …   Wikipedia

  • uberrima fides — uber·ri·ma fi·des /yü ber i mə fī ˌdēz, ü ber ē ˌmä fē ˌdās/ n [Latin, most abundant good faith]: utmost or perfect good faith acted in uberrima fides ◇ The terms uberrima fides and uberrimae fidei, although grammatically distinct in Latin, are… …   Law dictionary

  • Doctrine Of Utmost Good Faith — A minimum standard that requires both the buyer and seller in a transaction to act honestly toward each other and to not mislead or withhold critical information from one another. The doctrine of utmost good faith applies to many common financial …   Investment dictionary

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