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Legal Issues in Accounting-- duty of good faith
Title: Legal Issues in Accounting-- duty of good faith
Category: Business & Economy
Details: Words: 3208 | Pages: 13.7 (approximately 235 words/page)
Legal Issues in Accounting-- duty of good faith
Part I
'...However, current law stops well short of imposing a duty to negotiate in good faith. Rather, these developments would appear to favor the acceptance of a duty not to negotiate in bad faith. Further, the application of equitable estoppel in appropriate situations would appear to be an appropriate mechanism for the basis of developing a good faith doctrine. ' --Jane Edwards
'Once one uses the external standard of reasonableness the reference to honest men …showed first 75 words of 3208 total…
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…showed last 75 words of 3208 total…case based on the real intention of parties at the time of contract; even without the involvement of implication of terms, the meaning of a contract provision can still be ascertained. As Mason J stated in Codelfa Construction Pty Ltd v State Rail Authority of N.S.W: ' ...The implication of a term is an illustration of the process of construction, though differing from the more orthodox ascertainment of the meaning of a contractual provision....'
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