Statutes > Virginia Statutes > Title 59.1 - TRADE AND COMMERCE. > Chapter 28 - Heavy Equipment Dealer Act (59.1-353 thru 59.1-363) > 59.1-362 - Reasonableness and good faith.

59.1-362 - Reasonableness and good faith.

§ 59.1-362. Reasonableness and good faith.

A. Every agreement entered into under this chapter shall impose on theparties the obligation to act in good faith.

B. This chapter shall impose on every term and provision of any agreement arequirement of reasonableness. Every term or provision of any agreement shallbe interpreted so that the requirements or obligations imposed therein arereasonable.

(1988, c. 73.)