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· 3/21/2024

L.I. Petroleum, Corp. v. Vp Petroleum, LLC

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • holding that there is no implied duty of good faith where the parties have “unmistakably expressed their respective rights,” because the implied duty cannot override express contract terms
  • explaining that the covenant is recognized in Michigan “only where one party to the contract makes its performance a matter of its own discretion”
  • “The nonmoving party must present significant probative evidence in support of its opposition to the motion for summary judgment.”
  • “Discretion arises when the parties have agreed to defer decision on a particular term of the contract.”
  • contract provision giving one party “exclusive judgment” to make a decision “removed any basis upon which to imply a covenant of good faith and fair dealing”

Source: CourtListener parenthetical corpus (CC0).

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Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.