Every contract or duty within this Chapter imposes an obligation of good faith in its performance and enforcement.
N.C. Gen. Stat. § 25-1-304
Obligation of good faith
Known as the Uniform Commercial Code
The act spans §§ 25–25 (616 sections).
Applied in 2 court decisions — leading case Rutledge v. Wells Fargo Bank, N.A. (In re Rutledge) (2014)
Most recently applied in Kerry Bodenhamer Farms, LLC v. Nature's Pearl Corp. (August 2018)
1965, c. 700, s. 1; 2006-112, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.