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Arkansas Code of 1987 (2024)
Title 19 - PUBLIC FINANCE (§§ 19-1-201 — 19)
Chapter 11 - PURCHASING AND CONTRACTS (§§ 19-11-101 — 19-11-1408)
Subchapter 2 - ARKANSAS PROCUREMENT LAW (§§ 19-11-201 — 19-11-281)
Section 19-11-211 - Obligation of "good faith"
Universal Citation:
AR Code § 19-11-211 (2024)
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Every contract or duty within this subchapter imposes an obligation of good faith in its performance or enforcement. "Good faith" means honesty in fact in the conduct or transaction concerned and the observance of reasonable commercial standards of fair dealing.
Acts 1979, No. 482, § 6; A.S.A. 1947, § 14-236.
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