QuickHelper

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About QuickHelper

Levels Tought:
Elementary,High School,College,University,PHD

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Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 363 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 03 Oct 2017 My Price 8.00

Good faith means all parties to an acquisition acted honestly, fairly, and without malice

Good faith means all parties to an acquisition acted honestly, fairly, and without malice. Have you ever sold a car to a private party? Let's say, for example, you completed all the DMV requirements (including signing over the title or pink slip). The private party provides you with a check for the sale. You deposit the check into your account and in a few days later the bank calls to inform you that the check was rejected for insufficient funds. You then find out it was an honest mistake and receive cash for the transaction from the private party. The buyer acted in good faith. What does good faith mean under the Uniform Commercial Code (UCC)? 

Answers

QuickHelper
(10)
Status NEW Posted 03 Oct 2017 02:10 PM My Price 8.00

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