To what extent are Australian business dealings governed by a duty of “Good Faith”? Does this help or hinder business in Australia? Guidance: Your essay should discuss the following: Is a good faith...

To what extent are Australian business dealings governed by a duty of “Good Faith”? Does this help or hinder business in Australia?

Guidance: Your essay should discuss the following: Is a good faith clause implied into all contracts under Australian law? What does this mean for businesses dealing with each other in the legal framework? What sorts of problems was it meant to solve and what sorts of problems has it introduced?  Please conclude with your recommendations as to how this area of the law should develop into the future given the broader legal framework and your own commercial experience. Must be referenced and create a conclusion based on the argument.Must be applicable to Australia