Well, that is all well and good, but the reality is that it is unlikely that a business firm can get away with a bad act merely because it has been acting in good faith. In order to be successful, the firm must take the action that is correct. The fact of the matter is that it is very likely that the firm will be held accountable for its actions if it refuses to take action in good faith, but that does not mean that it will be prosecuted.
What it means is that it is extremely unlikely that this firm will be prosecuted. What it also means is that the firm’s actions will not be held against it in court. That is because good faith is the standard that determines what it is possible to do if it has done the right thing. To show good faith, a firm has to do something that is right and beneficial to the business.
Good faith as a standard is not a new one. The idea of it is that a firm should only have to accept the consequences of its refusal to do something if it had believed its refusal was right. In other words, the reason a firm should refuse to do something is because it had no idea that its refusal was right.
Now, let’s say we’re talking about a business firm (which, by the way, we are). Say that a legal action has just been taken against them — say the suit was filed by the company’s CEO and he sued the firm for damages. The firm will argue that it has done nothing wrong since it had no way of knowing that the CEO was actually lying. However, the firm will also argue that it had faith that the CEO was not lying.
The firm has no way of knowing, so it’s making a good faith claim that when it started it didn’t know that the CEO was lying. You can make a case that the firm has no way of knowing that the CEO has lied since it has no way to know. I agree with you, but here’s the thing. If you’re a business that has made a mistake in the past, you can use the law to get out of it.
The law is quite clear that a company can’t use “good faith” as a defense when it is sued. The law was written specifically for business. It doesn’t work in a vacuum, but in a vacuum no company is allowed to take advantage of a business’s lack of knowledge of the truth. The law was written so that businesses would have a legal defense against lawsuits with no chance of winning.
Not all law is written in stone, and I personally believe that a business that has violated the law, and then knowingly acted in good faith, deserves to receive a pass for their actions. However, it is interesting that there is a double standard when it comes to good faith. Businesses are given the benefit of the doubt even when theyve broken the law, but that double standard is not applied to the other side.
I have a friend that has been sued for making a false claim on her business card. If she has a good story, she is given a pass, but if she has a bad story, she is given a pass. Her business card was clearly the best business card in the world, because she was actually doing business.
I think this is actually something that is common knowledge among attorneys. The law is not as much about what you say and what actions you take as it is about what you can prove. If you get a positive jury award, you are not going to get a bad jury award. The jury will determine that you are being reasonable in your actions.
The law is not as much about what you say and what actions you take as it is about what you can prove. If you get a positive jury award, you are not going to get a bad jury award. The jury will determine that you are being reasonable in your actions.