Purchasing Officer Question:
Download Questions PDF

Described "good faith" in contracting?

Answer:

Under the UCC good faith means honesty in fact in the conduct or transactions concerned.

Download Purchasing Officer Interview Questions And Answers PDF

Previous QuestionNext Question
Are vendors bound by the requirements contracts awarded to two different vendors for the same set of requirements without disclosing this information to both vendors?When the risk of loss pass to a buyer when goods are purchased FOB the buyer's plant?