good faith

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Related to good faith: Good faith deposit, Good faith estimate

Bona Fide

In law, belief that a statement or act is made or done honestly and with no ill intent, even if ill effect results. Liability for ill effect may be lessened or eliminated if the statement or act causing it was bona fide. The term is Latin for "in good faith," and the concept is sometimes referred to in this way.

good faith


References in periodicals archive ?
in good faith developed under the Wagnerian model of Canadian labour
There is nothing new or particularly innovative about good faith provisions in bargaining, either in Australia or internationally.
They should volunteer in good faith to repay those sums which they have received unlawfully, unless there are special reasons of individual hardship.
The court was unsympathetic to claims that a preliminary memorandum and asserted discussions with an officer of the taxpayer regarding relevant facts and legal issues were sufficient to satisfy the good faith reliance requirements.
Last year, in its work force development area, Good Faith had an 81 percent job placement rate and 74 percent of those retained their jobs for more than six months.
The duty of care requires that directors and officers discharge their responsibilities in good faith, and with reasonable care, honesty, and due diligence.
The concept of good faith is difficult to define apart from a set of facts to which it can be applied.
To overcome the finding of a Fourth Amendment violation, law enforcement officers must be able to establish that they executed a surreptitious warrant in a good faith belief in its validity.
If you want to know the "true cost" of borrowing a home loan and selecting the lowest cost lender, ask for a WRITTEN GOOD FAITH ESTIMATE from every lender quoting rates & points.
Although the Federal Home Loan Bank of San Francisco makes a good faith effort to be accurate in the calculation and publication of the COFI, the Bank does not warrant, confirm, or guarantee the accuracy of the data it receives from its COFI Reporting Members, the accuracy of the COFI calculation, or the accuracy of the COFI as published.
with respect to any portion of an underpayment if it is shown that there was a reasonable cause for such portion and that the taxpayer acted in good faith with respect to such portion.