Purchase Planner Question: What is "good faith" in contracting? Purchase Planner Interview QuestionAnswer: Under the UCC good faith means honesty in fact in the conduct or transactions concerned. Previous QuestionNext QuestionAre the 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 risk of loss pass to a buyer when goods are purchased FOB the buyer's plant?
