Contracts of Utmost Good Faith

question 63

Multiple Choice

Contracts of utmost good faith

• A)arise when one party is uniquely situated to know the material facts, as in the case of an insurance contract.
• B)are the only contracts that do not require any kind of disclosure.
• C)do not require notification of any changes to previously supplied information.
• D)have no bearing on the law of misrepresentation.
• E)allow parties to lie to each other prior to entering into a contract without any legal consequence attaching to those lies.

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Definitions:

L-Galactopyranose

A monosaccharide sugar molecule with the pyranose ring form of galactose, essential in various biological processes.

Aldoses

A subclass of monosaccharides that contain an aldehyde group and multiple hydroxyl groups, responsible for various roles in living organisms.

Fructose

A simple ketonic monosaccharide found in many plants, sweeter than glucose, and used in foods and beverages.

Cyclic Hemiacetal

A molecule that results from the intramolecular reaction between an aldehyde and an alcohol in the same molecule, forming a cyclic structure with an ether bridge and an alcohol group.