Generally, Whether or Not the Parties Deal at Arm's Length

question 30

True/False

Generally, whether or not the parties deal at arm's length does not affect whether silence alone amounts to fraud.

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Definitions:

Heirs

Individuals legally entitled to receive a portion of a deceased person's estate under the laws of inheritance.

Deceased

A term used to describe a person who has died.

Stop-Payment Order

A request made to a bank to cancel a cheque that has not been processed yet.

Reasonable Opportunity

An equitable standard ensuring individuals have a fair chance to take action or defend themselves within a certain timeframe or under certain conditions.