good faith

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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.
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good faith


The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Q: Has the doctrine of mortgagee in good faith been allowed as an acceptable defense?
Such consensus, however, belies an important question that Bhasin poses for the future of Canadian common law good faith law (4) as a result of the theoretical steps taken by Cromwell J to arrive at his conclusion.
The application insisted that there was no violation of any law, rule, regulations or guidelines and that all was done in good faith. The applicant never had any intention of benefiting either his person or party, Mr Sharif contended.
(2) Can parties to a contract breach the "general organizing principle of good faith" such that it constitutes an "independent actionable wrong" according to Whiten?
"The general thrust is to rely on the principle of good faith. The scope of this principle of good faith is in China's commitment not to reclaim new areas or not to build new artificial islands," Roque said.
'So when China - when we invoke the good faith of China, it is against making further reclamations and not making further works on islands that it had already reclaimed,' he pointed out.
So, there is no harm in giving full marks to Lahore's CCPO's and DIG Operations' formal request put up to higher authorities that actions taken by anti-riot force/police in good faith must be given indemnity.
Further, as the ERA also requires good faith behaviour in the context of collective bargaining, it is equally important to ensure no posts or comments are made that either challenge the role of the employer's bargaining representative or that may operate to effectively undermine the bargaining.
A federal judge in the US District Court for the Northern District of Ohio has ordered Flexjet and Flight Options to bargain in good faith with more than 600 Teamster pilots, after the International Brotherhood of Teamsters, Teamsters Airline Division, and Local 1108 won a motion for injunctive relief against the merged carriers, the union said.
The commission's current totality of circumstances test is sufficient to encourage fair negotiations between broadcasters and pay TV providers over retransmission consent, according to NAB, which adds that "only a small handful of good faith negotiation complaints have ever been filed, and no broadcaster has ever been found to have violated good faith."
The Accuracy-Related Penalty and the Good Faith and Reasonable Cause Defense
Asking for "good faith" in the mediation process is akin to asking the attendant at the deli counter to "slice it thick" then griping about the thickness of the slice.