Every contract or duty within this title imposes an obligation of good faith in its performance and enforcement.
Source: L. 2006: Entire article R&RE, p. 468, § 1, effective September 1.
Editor's note: This section is similar to former § 4-1-203 as it existed prior to 2006.
Source: Former Section 1-203. Changes from former law: Except for changing the form of reference to the Uniform Commercial Code, this Section is identical to former UCC Section 1-203. A comment will make it clear that this section applies to the exercise of rights granted by the Uniform Commercial Code.
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 1 - General Provisions
Part 3 - Territorial Applicability and General Rules
§ 4-1-301. Territorial Applicability - Parties' Power to Choose Applicable Law
§ 4-1-302. Variation by Agreement
§ 4-1-303. Course of Performance, Course of Dealing, and Usage of Trade
§ 4-1-304. Obligation of Good Faith
§ 4-1-305. Remedies to Be Liberally Administered
§ 4-1-306. Waiver or Renunciation of Claim or Right After Breach
§ 4-1-307. Prima Facie Evidence by Third-Party Documents
§ 4-1-308. Performance or Acceptance Under Reservation of Rights