A contract is entered in good faith when neither of the parties has any other ulterior motive about the agreement.

Name: A contract is entered in good faith when neither of the parties has any other ulterior motive about the agreement.
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Quizplus · Accepted Answer

Good faith means honesty, integrity, and fairness in the performance of the agreement. When both parties enter into a contract with the intention to abide by the terms of the agreement in honesty and fairness, it is considered as a contract entered in good faith.

A Contract Is Entered in Good Faith When Neither of the Parties