Southface Condominium Owners Ass'n v. Southface Condominium Ass'n

How courts have described this case

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

• noting that Vermont interprets the implied covenant broadly and that “[g]ood faith is ordinarily a question of fact”
• observing that implied covenant requires only that “parties act with faithfulness to an agreed common purpose and consistency with the justified expectations of the other party” (internal quotation marks omitted)
• overturning jury verdict finding breach of the implied covenant where no evidence indicated “defendants took action contrary to their agreement with [plaintiffs]”
• overturning jury verdict of liability for breach of implied covenant where no evidence indicated “defendants took action contrary to their agreement with” plaintiffs
• party asserting breach of the implied covenant must demonstrate that the other party “acted beyond merely observing the terms of the loan agreement”

Source: CourtListener parenthetical corpus (CC0).