When Will Silence Distort a Previous Assertion

question 67

Multiple Choice

When will silence distort a previous assertion?

• A)whenever a change in circumstances occurs
• B)whenever a change in circumstances does not affect the accuracy of a representation
• C)when a contract requires a duty of utmost good faith
• D)when a change in circumstances affects the accuracy of an earlier pre-contractual representation
• E)when a statutory provision requires disclosure

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Definitions:

Agent

A person or entity authorized to act on behalf of another, usually in business transactions or negotiations.

Separate Accounts

Financial accounts that are segregated for individual investors, common in insurance and investment management.

Principal's Funds

Resources or capital belonging to the principal in a transaction or investment scenario, as opposed to the agent's or broker's funds.

Intermingle

To mix or blend together elements or groups that were previously separate.