For all but one of the following reasons the law distinguishes a separate category of contracts requiring "utmost good faith". Which is the EXCEPTION?
A) Disclosure affects insurance risks.
B) A higher level of trust is placed with certain professionals.
C) To protect purchaser in land contracts.
D) One party may have "superior position of knowledge."
E) Disclosure affects investment decision.

Question

Quizplus · Accepted Answer

Contracts for the sale of land do not require "utmost good faith" because the sale of land is typically a simple transaction based on the physical condition and legal ownership of the property. The other reasons listed all involve situations where there is a higher level of complexity, risk, or potential for one party to have superior knowledge, making it necessary for both parties to act in utmost good faith.

For All but One of the Following Reasons the Law