Asked by
Robert Cabrera
on Nov 01, 2024Verified
________ occurs when one party does not say something about certain facts that he is under an obligation to reveal.
A) Passive fraud
B) Fraud inducement
C) Fraud in inception
D) Active Fraud
Certain Facts
Specific pieces of information that are true, verified, and indisputable.
Passive Fraud
A failure to reveal some material fact about the subject matter of a contract that one party is obligated to reveal to the other party and that intentionally deceives that second party, leading him or her into a damaging contract. Also called concealment and nondisclosure.
Obligation
A legal or moral responsibility or duty that compels someone to act or refrain from acting in a certain manner.
- Investigate the ramifications of fraud, error, duress, and undue control on the validity of an agreement.
Verified Answer
JF
Learning Objectives
- Investigate the ramifications of fraud, error, duress, and undue control on the validity of an agreement.