Obligation of good faith

Every duty under this chapter and every act which must be performed as a condition precedent to the exercise of a right or remedy under this chapter imposes an obligation of good faith in its performance or enforcement. Acts 1975, ch. 245, § 1.302; T.C.A., § 64-2856. Every duty under this chapter and every act which must be performed as a condition precedent to the exercise of a right or remedy under this chapter imposes an obligation of good faith in its performance or enforcement. Acts 1975, ch. 245, § 1.302; T.C.A., § 64-2856.