Ordinarily, a Party to a Contract Has No Duty to Volunteer

question 15

True/False

Ordinarily, a party to a contract has no duty to volunteer information to the other party.

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Definitions:

Punishment

A sanction imposed for violating a law, rule, or agreement, aiming at correcting behavior or serving as a deterrent.

White-Collar Crime

Non-violent crime committed by individuals, typically during the course of their occupation, for financial gain. These crimes often involve fraud, embezzlement, or bribery.

Sarbanes-Oxley Act

A law enacted to protect investors by improving the accuracy and reliability of corporate disclosures.

Whistleblowers

Individuals who expose illegal, unethical, or improper conduct within an organization.