meaning of bad faith

bad faith meaning in Legal Dictionary

1) n. deliberate dishonest work by perhaps not fulfilling legal or contractual responsibilities, misleading another, stepping into an understanding without the objective or way to satisfy it, or breaking fundamental requirements of honesty in dealing with others. Many states recognize what exactly is known as "implied covenant of good faith and fair dealing" which is breached by functions of bad trust, for which case may be brought (submitted) for breach (just like one might sue for breach of contract). Issue of bad belief might be raised as a defense to a suit on a contract. 2) adj. if you have bad faith then a transaction is known as a "bad belief" contract or "bad belief" provide.

bad faith meaning in Law Dictionary

the exact opposite of "good-faith," usually implying or involving real or constructive fraud, or a design to mislead or deceive another, or a neglect or refusal to fuliill some duty or some contractual responsibility, maybe not prompted by an honest mistake as being to 1's legal rights or duties, but by some interested or sinister motive. Hiigenberg v. Northup, 134 Ind. 92, 33 N. E. 780; Morton v. Immigration Ass'n, 79 Ala. 617; Coleman v. Billings, 89 111. 191; Lewis v. Holmes, 109 La. 1030, 34 South. 66, 61 L. R. A. 274; Harris v. Harris, 70 Pa. 174; Penn Mut. L. Ins. Co. v. Trust Co., 73 Fed. 653, 19 C. C. A. 310, 38 L. R. A. 33, 70; Insurance Co. v. Edwards, 74 Ga. 230.

bad faith meaning in Business Dictionary

decreased honesty or trust, such as for example to knowingly misrepresent a thing or scenario as what it's not in fact. Called 'mala fides' in Latin.

bad faith meaning in Insurance Dictionary

a phrase describing blatantly unfair conduct that exceeds simple neglect by an insurance company. As an example, a bad trust claim may occur if an auto liability insurer arbitrarily won't settle a claim within policy limitations, in which an insured's responsibility is incontrovertible. Bad belief problems, also referred to as extracontractual problems, are often significant. They frequently surpass the restrictions associated with insurance policy that's the topic of this claim. See also Extracontractual damages.

Sentence Examples with the word bad faith

The truce- with France lasted for two years after the death of Duke Humphrey, and came to an end partly owing to the eagerness of the French to push their advantages, but Renewal much more from the treachery and bad faith of Suffolk of the war and Somerset, who gave the enemy an admirable casus belli.

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