Discussion in 'English Only' started by kohyoongliat, Oct 8, 2008.
What does 'Act in good faith' mean?
What is the context?
From the Latin bona fides. It means "With honest intention".
This can be a legal term or a conversational term. Where did you hear or read it?
If it is in a legal setting of any kind it is important to have a lawyer interpret the meaning of the term. It can have significant consequences depending on the context.
If it is a conversational term it often means "with good intentions" or "with every intention of following through on the action/promise/commitment/agreement".
It is regarding insurance. A friend of mine asks me for the meaning of the term. I want to make sure I give him the correct meaning.
The precise definition will depend on the jurisdiction. But it means "absence of any intent to defraud, act maliciously, or take unfair advantage".
See this American definition.
Many thanks, Terry Morti, for being so helpful.
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