In Every Contract There Exists an Expressed Covenant of Good

question 20

True/False

In every contract there exists an expressed covenant of good faith and fair dealing.

---

Definitions:

Selling

The process of promoting and transferring goods or services to customers in exchange for payment.

Administrative Expenses

Costs related to the general operation of a business, including salaries of administrative personnel, office supplies, and other non-production-related expenses.

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, by a business from its customers or other sources.

Cash Available

Refers to funds that a company or individual can immediately use or access for payments, investments, or other financial needs.