utmost good faith
1utmost good faith — UK US noun [U] ► INSURANCE, LAW the legal duty of someone who is buying or selling something to provide full and correct information: » Financial advisers have a responsibility to act in utmost good faith when dealing with clients …
2utmost good faith — complete good faith, total honesty and good intentions …
3Doctrine Of Utmost Good Faith — A minimum standard that requires both the buyer and seller in a transaction to act honestly toward each other and to not mislead or withhold critical information from one another. The doctrine of utmost good faith applies to many common financial …
4utmost good faith — uberrima fides The fundamental principle of insurance practice, requiring that a person wishing to take out an insurance cover must provide all the information the insurer needs to calculate the correct premium for the risk involved. Nothing must …
5Good faith — Good faith, or in Latin bona fide , is the mental and moral state of honesty, conviction as to the truth or falsehood of a proposition or body of opinion, or as to the rectitude or depravity of a line of conduct, even if the conviction is… …
6Uberrima fides — utmost good faith, as required of one who contracts with another to whom he stands in a fiduciary relationship. 37 Am J2d Fraud § 15. Insurance policies are traditionally contracts uberrimae fidei. Stipcich v Metropolitan Life Ins. Co. 277 US 311 …
7Misrepresentation in English law — is an area of English contract law, which allows a person to escape a contractual obligation or claim compensation for losses. If one person can show that she entered an agreement because of another person s false assurances, then the other… …
8uberrima fides — uber·ri·ma fi·des /yü ber i mə fī ˌdēz, ü ber ē ˌmä fē ˌdās/ n [Latin, most abundant good faith]: utmost or perfect good faith acted in uberrima fides ◇ The terms uberrima fides and uberrimae fidei, although grammatically distinct in Latin, are… …
9Uberrima fides — (sometimes seen in its genitive form uberrimae fidei) is a Latin phrase meaning utmost good faith (literally, most abundant faith ). It is the name of a legal doctrine which governs insurance contracts. This means that all parties to an insurance …
10Uberrimae Fidei Contract — A legal agreement requiring the highest standard good faith. Uberrimae fidei or uberrima fides is Latin for utmost good faith. Insurance contracts are the most common type of uberrimae fidei contract. Because the insurance company agrees to share …
