An Integral Part of the Duty of Utmost Good Faith

question 45

True/False

An integral part of the duty of utmost good faith is the duty of disclosure.

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Definitions:

Nachfrist

A german term used in contract law that refers to a grace period given to fulfill an obligation before a contractual breach is declared.

Concept

An abstract idea or general notion that represents something.

Buyer

A person or entity that purchases goods or services from another; the purchaser in a transaction.

Arbitration

A type of alternative dispute resolution wherein disputes are submitted for resolution to private non-official persons selected in a manner provided by law or the agreement of the parties.