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Va. Code Ann. § 59.1-362

Reasonableness and good faith

Known as the Heavy Equipment Dealer Act

The act spans §§ 59–59 (11 sections).

1988, c. 73.

A. Every agreement entered into under this chapter shall impose on the parties the obligation to act in good faith.

B. This chapter shall impose on every term and provision of any agreement a requirement of reasonableness. Every term or provision of any agreement shall be interpreted so that the requirements or obligations imposed therein are reasonable.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.