Market Street Associates v. Frey addresses the implied covenant of good faith and fair dealing, examining whether a party can exploit a contract provision the other party has forgotten about.
The central legal issue in Market Street Associates v. Frey concerns the application of contracts principles to the specific facts of the dispute.
The court's holding in Market Street Associates v. Frey resolved the central legal question and established precedent that continues to influence contracts jurisprudence.
Market Street Associates v. Frey remains an essential case for law students studying contracts. The principles established in this case are frequently tested on law school examinations and bar prep materials.