400.1-203. Obligation of good faith.
Obligation of good faith.
400.1-203. Every contract or duty within this chapterimposes an obligation of good faith in its performance orenforcement.
(L. 1963 p. 503 § 1-203)(1985) Obligation of good faith and fair dealing was violated when oil company bid against its distributor under jobber franchise agreement for contracts with distributor's present customer. Conoco, Inc., v. Inman Oil Co., Inc. 774 F.2d 895 (8th Cir.).