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Question
The principle that agreements must be respected in good faith, is known as _______.
The principle that agreements must be respected in good faith, is known as _______.
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Solution
The correct option is D Pacta sunt servanda
Pacta Sunt Servanda . The term contract has been derived from the Latin word 'Contructus' which means there's a contract . The law of contract is based on the principle laid down in the Latin phrase 'Pacta Sunt Servanda' which means agreements to be kept or pacts must be kept . We can also signify it as agreement must be respected in a good faith .
Pacta Sunt Servanda .
The term contract has been derived from the Latin word 'Contructus' which means there's a contract . The law of contract is based on the principle laid down in the Latin phrase 'Pacta Sunt Servanda' which means agreements to be kept or pacts must be kept . We can also signify it as agreement must be respected in a good faith .
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