By reference to the law relating to the international sale of goods, evaluate the view that commercial transactions are subject to an overriding principle of good faith.

In Interfoto Picture Library Ltd v Stiletto Visual Programmes Ltd 1988 1 All ER 348 at 352, Bingham LJ stated: In many civil law systems the law of obligations recognises and enforces an overriding principle that in making and carrying out contracts parties should act in good faith. This does not simply mean that they should not deceive each other, a principle which any legal system must recognise; its effect is most aptly conveyed by such metaphorical colloquialisms as playing fair, coming clean or putting ones cards face upwards on the table. It is in essence a principle of fair and open dealing .

By reference to the law relating to the international sale of goods, evaluate the view that commercial transactions are subject to an overriding principle of good faith.

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