As set forth in the Restatement Second of Contracts,which of the following duties are imposed on the parties in the performance and enforcement of a contract?
A) perfect performance; honesty
B) strict performance; team work
C) good faith; fair dealing
D) negotiation; arbitration

Question

Quizplus · Accepted Answer

The Restatement Second of Contracts imposes a duty of good faith and fair dealing on parties in the performance and enforcement of a contract. Option A is incorrect because perfect performance is not always required, and honesty is not specifically mentioned in the Restatement. Option B is incorrect because strict performance may be waived by the parties, and teamwork is not specifically mentioned in the Restatement. Option D is incorrect because negotiation and arbitration are methods of resolving disputes, but they are not necessarily duties imposed on the parties in the performance and enforcement of a contract.

As Set Forth in the Restatement Second of Contracts,which of the Following