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Duty of Disclosure
The legal obligation to provide all relevant information in a transaction or legal proceeding, ensuring fairness and transparency.
Salesperson and Customer
The dynamic relationship between an individual who sells goods or services and the individual or entity purchasing them, emphasizing the communication and transaction between these parties.
Business Partners
Individuals or entities who collaborate and share the risks and profits of a business venture.
Nonfraudulent Misrepresentation
A false statement of fact made honestly but inaccurately, leading to a disadvantageous contractual agreement without intent to deceive.
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