ORS 71.2030¹
Obligation of good faith

Every contract or duty within the Uniform Commercial Code imposes an obligation of good faith in its performance or enforcement. [1961 c.726 §71.2030 (Obligation of good faith)]

Notes of Decisions

In absence of evidence of the terms of the contract between the parties it cannot be determined whether the obliga­tion of good faith has been performed. Family Provisioners, Inc. v. Columbia Acceptance Co., 274 Or 303, 545 P2d 1379 (1976)

When no min­i­mum dura­tion is stated in contract, general rule is that it is terminable at will by either party subject to obliga­tion of ORS 72.3090 (Absence of specific time provisions) to give reasonable notice and general obliga­tion to act in good faith as stated in this sec­tion. Zidell Explora­tions, Inc. v. Conval Interna­tion, Ltd., 719 F2d 1465 (1983)

Law Review Cita­tions

75 OLR 493 (1996)

1 Legislative Counsel Committee, CHAPTER 71—General Provisions for Uniform Commercial Code, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors71.­pdf (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 71, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­071ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
 
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information