Every contract or duty within this chapter imposes an obligation of good faith in its performance or enforcement. For purposes of this chapter, the term “good faith” means honesty in fact in the conduct or transaction concerned and the observance of reasonable commercial standards of fair dealing.

History

Apr. 8, 2011, D.C. Law 18-371, § 103, 58 DCR 1185

Prior Codifications

2001 Ed., § 2-351.03.

Section References

This section is referenced in § 2-351.05.