The principle of good faith applies to both parties to a sales contract.

Question

The principle of good faith applies to both parties to a sales contract.​

Quizplus · Accepted Answer

The principle of good faith is a fundamental principle of contractual relationships, and it is expected to be applied by both parties to the contract. Both parties should act honestly, reasonably, and in good faith towards each other during the contractual negotiation and performance. This principle intends to ensure that both parties act fairly and equitably towards each other and that the contract is executed in a manner that is mutually beneficial. Therefore, the principle of good faith applies to both parties to a sales contract.

The Principle of Good Faith Applies to Both Parties to a Sales