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good faith and fair dealing |
Also found in: Acronyms | 0.06 sec. |
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good faith and fair dealing, 1 actions taken with the best interests of the patient in mind and without harmful intent. 2 in employee relations, an implied covenant preventing an employer from terminating an employee solely to avoid paying the employee for services already performed. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| In doing so, the SCC held that employers have a positive duty to treat an employee with good faith and fair dealing when terminating employment. In a recent case the New South Wales Court of Appeal ruled that an insurer has a duty of good faith and fair dealing not only to an insured but to those who benefit under a policy. “The centerpiece of Senator Dodd's bill will establish in federal law the principle that all lenders have an obligation of good faith and fair dealing when making a home loan," said Margot Saunders of the National Consumer Law Center. |
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