MGMT390 Module 5.2 Discussion Latest 2017 March

Subject: Business / Management
Question
5.2 – Discussion: Good Faith
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Good faith means all parties to an acquisition acted honestly, fairly, and without malice. Have you ever sold a car to a private party? Let’s say, for example, you completed all the DMV requirements (including signing over the title or pink slip). The private party provides you with a check for the sale. You deposit the check into your account and in a few days later the bank calls to inform you that the check was rejected for insufficient funds. You then find out it was an honest mistake and receive cash for the transaction from the private party. The buyer acted in good faith. What does good faith mean under the Uniform Commercial Code (UCC)?

Your initial post should be at least 300 words with a minimum of two sources cited. Your additional posts should be at least 50 words and contribute to the conversation. You are not required to post replies to your peers but you must be prepared to discuss the topic in class. Citations and references must be in current APA format. (Links to an external site.)
You will be graded on your original/primary responses View the Discussion Rubric. It will help you in creating effective posts.

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