Session length

1 / 20

Which contract element represents honesty and fair dealing in performance?

Good Faith

The main idea here is that good faith is the obligation that requires parties to act honestly and deal fairly in performing the contract. Good faith means you’re not deceiving the other party, you’re communicating truthfully, and you’re carrying out duties in a way that respects the contract’s purpose. In construction contracts, this translates to timely, accurate, and fair performance—honoring terms, avoiding misrepresentation, and steering clear of tactics that undermine the agreement.

The other elements serve different functions: consideration is about something of value exchanged to form the contract, signatures indicate consent or agreement to the terms, and writing is about whether the contract needs to be in a particular form. None of those alone guarantees the honest and fair handling of performance the way good faith does, which is why good faith is the best answer.

Consideration

Signatures

Written

Next question

Find the option that is right for you!

All options are one-time payments.

$12.50

30 day premium pass

All the basics to get you started

  • Ad-free experience
  • View your previous attempt history
  • Mobile app access
  • In-depth explanations
  • 30 day premium pass access
$30.00 $87.50 usd

6 month DELUXE pass (most popular)

Everything with the 30 day premium pass FOR 6 MONTHS! & the ultimate digital PDF study guide (BONUS)

  • Everything included in the premium pass
  • $87.50 usd value for $30.00! You save $57.50!
  • + Access to the ultimate digital PDF study guide
  • + 6 months of premium pass access
  • + Priority support
$12.50 $18.99

Ultimate digital PDF study guide

For those that prefer a more traditional form of learning

  • Available for instant download
  • Available offline
  • Hundreds of practice multiple choice questions
  • Comprehensive content
  • Detailed explanations
Image Description
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy