383.550 "Good faith" obligation.
42 words·~1 min read·
/ky/chapter-383/383-550A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Every duty under KRS 383.505 to 383.715 and every act which must be performed as a condition precedent to the exercise of a right or remedy under KRS 383.505 to 383.715 imposes an obligation of good faith in its performance or enforcement.