Generally, a Party Is Under a Duty to Disclose Material

question 14

True/False

Generally, a party is under a duty to disclose material facts to the other contracting party, and failure to do so is a violation of his or her duty of utmost good faith.

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Definitions:

Diagnosable Mental Disorder

A condition with psychological or behavioral patterns that impact multiple areas of life and meet specific criteria defined by the DSM-5.

Chemical

A substance with a distinct molecular composition that is produced by or used in a chemical process.

Inhibitions

Psychological or emotional barriers that restrain or prevent certain actions, thoughts, or feelings, often based on social norms or personal fears.

Judgment

The cognitive process of evaluating or making decisions about something or someone based on available information and personal criteria.