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What is the present value of a payment of $2,000 to be received two years from today if the interest rate is 5%?
Good Faith
Good faith refers to an honest intention to act without taking advantage of another person or to fulfill one's obligations or agreements.
Fair Dealing
A legal doctrine that permits limited use of copyrighted material without permission for purposes such as criticism, news reporting, teaching, and research.
Course of Performance
An interpretation principle in contract law considering the conduct between parties in the execution of their duties under the contract.
Course of Dealing
A legal term referring to the previous conduct between parties in a contract that establishes a common basis for their understanding.
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