The A-Z of supply management - part 6
13 September 2012
In the final part in our series on key purchasing and supply management terms, Ken Burnett and Mark Whitehead look at the letters U-Z
U
Uberrimae fidei
Latin term meaning “in the utmost good faith”. According to the Official Dictionary of Purchasing and Supply, it’s used in contracts where one party relies on the other to disclose material facts. Try invoking it the next time you buy a second-hand car.
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