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The Kind of Trust That Is Developed When There Isn't

question 50

Multiple Choice

The kind of trust that is developed when there isn't time to engage in the usual forms of trust-building activities is called _____.


Definitions:

Powers of Attorney

A legal document that grants one individual (the agent) the authority to act on behalf of another (the principal) in legal or financial matters.

Utmost Good Faith

A principle requiring all parties to a contract, especially in insurance, to act honestly and not mislead or withhold critical information from each other.

Express Agreement

A contract in which the terms are stated openly and explicitly, and agreed upon by all parties involved.

Utmost Good Faith

A principle requiring parties to a contract to act honestly and not mislead or withhold critical information from one another.

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