Misrepresentation by ____________ Is Defined as Failing to Disclose Information

question 25

Short Answer

Misrepresentation by ____________ is defined as failing to disclose information which would benefit the other.

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Definitions:

Material Addition

An amendment or addition to a contract that considerably changes the terms or obligations originally agreed upon.

UCC

Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Endorsement

A signature or statement of support for a policy, idea, or candidate, or in the context of financial instruments, the act of signing over rights to another party.

Digital Cash

Money stored electronically and used in place of physical currency.