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Uberrima fides
(redirected from Utmost Good Faith)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

UBERRIMA FIDES. Perfect good faith; abundant good faith.
     2. This phrase is used to express that a contract must be made in perfect good faith, concealing nothing; as in the case of insurance, the insured must observe the most perfect good faith towards the insurer. 1 Story, Eq. Jur. Sec. 317; 3 Kent, Com. 283, 4th ed.



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They are required to act in utmost good faith, and in accepting the office they impliedly undertake to give to the enterprise the benefit of their best care and judgment, and to exercise the powers conferred solely in the interests of the corporation.
The relationship between an insurance agent or broker and the person acquiring insurance requires the agent to treat the insured with the utmost good faith.
Many creditors, in recent times, work on the principle of utmost good faith, which means the borrower has to prove fair past dealings before the new transaction begins.
 
 
 
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