Asked by Jacob Thomas on Jun 21, 2024
Verified
The main difference between concealment and nondisclosure is that:
A) concealment is always regarded as an assertion of fact,while nondisclosure may or may not amount to such an assertion.
B) a tort suit is possible in a concealment case,but not in a nondisclosure case.
C) punitive damages are available in a nondisclosure case,but not a concealment case.
D) nondisclosure is always regarded as an assertion of fact,while concealment may or may not be an assertion of fact.
Concealment
The act of hiding or withholding information or facts intentionally.
Nondisclosure
Refers to the act of not sharing certain information that is usually confidential or proprietary.
Assertion
A confident and forceful statement of fact or belief.
- Recognize the difference between concealment and nondisclosure in contract law.
Verified Answer
EL
Erick LopezJun 24, 2024
Final Answer :
A
Explanation :
Nondisclosure can also be the equivalent of an assertion of fact.Nondisclosure differs from concealment in that concealment involves the active hiding of a fact,while nondisclosure is the failure to volunteer information.
Learning Objectives
- Recognize the difference between concealment and nondisclosure in contract law.