In general,a party to a contract has a duty to disclose all relevant facts to the other party.

Question

Quizplus · Accepted Answer

While parties to a contract have a duty to be honest and not make intentionally false statements, they do not generally have a duty to disclose all relevant facts unless there is a special relationship or a legal requirement to do so. This is known as the principle of caveat emptor, or "let the buyer beware." Exceptions may exist in certain industries or professions where disclosure is required by law or ethical standards.

In General,a Party to a Contract Has a Duty to Disclose