Contracts of Utmost Good Faith

question 51

Multiple Choice

Contracts of utmost good faith

• A) have no bearing on the law of misrepresentation.
• B) arise when one party is uniquely situated to know the material facts.
• C) do not require notification of any changes to previously supplied information.
• D) are the only contracts that do not require any kind of disclosure.
• E) none of the above

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Definitions:

Traits Model

A framework in psychology that identifies and measures individual personality characteristics.

Leadership Performance

Refers to the effectiveness and outcomes of leadership actions in guiding and influencing a group or organization towards achieving its goals.

Consistent Trait

A characteristic or quality in an individual that is regularly observed in a wide range of situations over time.

Command-And-Control

An organizational design that emphasizes strict management and control over decision-making and worker actions.