The Main Difference Between Concealment and Nondisclosure Is That

question 80

Multiple Choice

The main difference between concealment and nondisclosure is that:

• A)concealment is always regarded as an assertion of fact,while nondisclosure may or may not amount to such an assertion.
• B)a tort suit is possible in a concealment case,but not in a nondisclosure case.
• C)punitive damages are available in a nondisclosure case,but not a concealment case.
• D)nondisclosure is always regarded as an assertion of fact,while concealment may or may not be an assertion of fact.

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Definitions:

Consumption

The action or process of using goods and services for personal needs or desires, typically considered as a component of GDP.

Keynes

Refers to John Maynard Keynes, a British economist whose theories on government economic intervention to mitigate the adverse effects of recessions and depressions significantly influenced modern macroeconomics.

Aggregate Demand

The entire market demand for goods and services in an economic setting, priced collectively at a given level during a specified period.

Aggregate Supply

The aggregate amount of commodities and services scheduled for sale by businesses within a national economic framework during a designated timeframe.