Tolbert v. First National Bank

How courts have described this case

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

• holding that the objectively reasonable expectations of the parties will be examined to determine whether the obligation of good faith has been met
• holding that the objectively reasonable expectations of plaintiffs were met and that there was no issue of material fact on defendant’s good faith
• holding that as a matter of law there is no breach of the implied covenant of good faith and fair dealing where the contract provides for unilateral exercise of discretion and that discretion is exercised in accordance with the express terms of the contract
• emphasizing that only the objectively reasonable expectations of the parties will be examined to determine whether the obligation of good faith has been met
• holding “it is only the objectively reasonable expectations of [the] parties that will be examined in determining whether the obligation of good faith has been met”
• approving of a bank’s policy of not entering into a contract with a depositor if the depositor did not agree to the terms offered by the bank

Source: CourtListener parenthetical corpus (CC0).