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Unformatted text preview: 3. to permit inquiry into a partys exercise of discretion expressly granted by a contracts terms 2-103(b) good faith means honesty in fact and commercial reasonableness . Roy Notes : You can violate obligation of good faith even if you perform every part of the contract. Good faith is an excluder it excludes bad faith and whats left over is good faith. Here, implied obligation of good faith even when there is equal bargaining power....
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- Fall '08