The Law Would Most Likely Impose a Duty of Disclosure

question 77

Multiple Choice

The law would most likely impose a duty of disclosure in a transaction between:

• A) a salesperson and customer.
• B) business partners.
• C) a contractor and a homeowner seeking bids on repairing a roof.
• D) a seller of real property and a potential buyer who knows the property has greater value than the seller realizes.

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Definitions:

Distributors

Entities that are involved in the process of making products or services available for consumer or business usage, bridging the gap between manufacturers and the market.

Supply Chain

A network connecting suppliers, manufacturers, and retailers involved in producing, handling, and distributing a product to the consumer.

Small Amount

A quantity or measure that is relatively low in terms of number, volume, or degree.

Package Carriers

Companies specialized in the transportation and delivery of packages and parcels to designated locations.