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Question
4 multiple choice 1 point tri, a full - time college student, sold his car to don, another student. in the performance of this contract, tri: has a duty of good faith which means honesty in fact and the exercise of good judgment. has a duty of good faith which means honesty in fact. has a duty of good faith which means honesty in fact and the exercise of reasonable commercial standards of fair dealing. does not have a duty of good faith.
In contract law, when performing a contract, a party has a duty of good faith. For non - merchants (like college students in this context), the duty of good faith means honesty in fact. Commercial standards of fair dealing are more relevant for merchants. And it's incorrect to say there's no duty of good faith.
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has a duty of good faith which means honesty in fact.