In Law, "Utmost Good Faith" Means: a Level of Trust

question 1

Multiple Choice

In Law, "utmost good faith" means: a level of trust in

• A) not using undue influence.
• B) not making false assertions.
• C) being aboveboard with all affairs.
• D) only giving factual statements.
• E) disclosing all pertinent information concerning the contract.

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Definitions:

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Normal Probability Distribution

Also known as the Gaussian distribution, it's a bell-shaped curve that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Random Variables

Variables whose values depend on outcomes of a stochastic (random) phenomenon.

Nature

The intrinsic physical and material world all around us, not made or caused by humankind.