An Example of Asymmetric Information Is When a Seller of a House

question 99

True/False

An example of asymmetric information is when a seller of a house knows more than the buyer about the house's condition.

---

Definitions:

Factual Determinations

Findings made by a judge or jury regarding facts that are relevant to a case.

Substantial Evidence

Evidence that is adequate enough to support the conclusion reached in a court or administrative proceeding.

Applicable Law

The body of law that is relevant and applies to a particular case, contract, or situation.

FOIA

The Freedom of Information Act, a federal law that allows for the full or partial disclosure of previously unreleased information and documents controlled by the United States government.