Obligation of good faith


Assignment:

Vision Corp. was a sales agent for Production Products Company. Its sales agreement provided that either party could terminate the agreement at any time at the end of a month by giving sixtyday’s advance notice. Production terminated the agreement after giving proper notice. Vision, however, claimed that regardless of the wording in the contract, there was an implied obligation of good faith, and therefore, the agreement could not be canceled at will but only for good cause. Is this claim correct? (Production Products Company v. Vision Corp., 706 N.Y.S.2d 789)

Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Business Law and Ethics: Obligation of good faith
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