Kentucky Statutes 381.9123 – Obligation of good faith
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Every contract or duty governed by KRS § 381.9101 to KRS § 381.9207 imposes an obligation of good faith in its performance or enforcement.
Effective: January 1, 2011
History: Created 2010 Ky. Acts ch. 97, sec. 12, effective January 1, 2011.
Effective: January 1, 2011
Terms Used In Kentucky Statutes 381.9123
- Contract: A legal written agreement that becomes binding when signed.
- 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.
History: Created 2010 Ky. Acts ch. 97, sec. 12, effective January 1, 2011.