What to Know about Good Faith or Bad Faith – an illustrated easy guide
The implied covenant of good faith and fair dealing is implied in every contract. The implied covenant of good faith and fair dealing is what makes business work. It requires people to deal with one another fairly. Businesses and people can trust each other to enter into contracts because good faith requires them to help […]
Uniform Fraudulent Transfer Act
Effective January 1, 1990, Illinois adopted the Uniform Fraudulent Transfer Act. “The purpose of the Uniform Fraudulent Transfer Act is to prevent fraudulent transfers of property by a debtor who intends to defraud creditors by placing assets beyond their reach.” Zurich American Insurance Co. v. Personnel Staffing Group, LLC, 2018 IL App (1st) 172281, ¶18, 105 N.E.3d […]
