Nondisclosure Involves the Active Hiding of the Truth About a Material

question 2

True/False

Nondisclosure involves the active hiding of the truth about a material fact pertaining to a contract.

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Definitions:

Business Revenue

The income that a business receives from its normal business activities, usually from the sale of goods and services to customers.

Profit Income

The financial earnings exceeding the costs of production, often considered the reward for business risks.

Command System

An economic system where government decisions determine resource allocation and production choices.

Planning Board

A governing body or committee responsible for setting policies, goals, and procedures related to urban planning, development, and infrastructure projects.