Maine Revised Statutes Title 10 Sec. 1298 – Reasonableness and good faith
Current as of: 2023 | Check for updates
|
Other versions
1. Good faith. Every agreement entered into under this chapter imposes on the parties the obligation to act in good faith.
[PL 1995, c. 462, Pt. A, §22 (NEW); PL 1995, c. 462, Pt. A, §23 (AFF).]
Terms Used In Maine Revised Statutes Title 10 Sec. 1298
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
2. Reasonableness. This chapter imposes on every term and provision of any agreement a requirement of reasonableness. Every term or provision of any agreement must be interpreted so that the requirements or obligations imposed are reasonable.
[PL 1995, c. 462, Pt. A, §22 (NEW); PL 1995, c. 462, Pt. A, §23 (AFF).]
SECTION HISTORY
PL 1995, c. 462, §A22 (NEW). PL 1995, c. 462, §A23 (AFF).