Lack of seriousness in contract negotiations or the deliberate omission of a material statement affecting the contract constitutes bad faith, according to the Civil Transactions Law.
- When are negotiations considered in bad faith?: Lack of seriousness in contract negotiations constitutes bad faith and gives rise to liability.
- Material Concealment: Deliberately failing to disclose a material statement that affects the contract is also considered bad faith.
Legal Reference: Civil Transactions Law
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