In Law, "utmost good faith" means: a level of trust in
A) not using undue influence.
B) not making false assertions.
C) being aboveboard with all affairs.
D) only giving factual statements.
E) disclosing all pertinent information concerning the contract.

Question

Quizplus · Accepted Answer

"Utmost good faith" in law refers to the duty of parties in a contract to disclose all relevant information about the contract. This includes details about the subject matter, any potential risks, and any other factors that may influence the decision to enter into the contract. Failing to disclose such information goes against the principle of "utmost good faith." Therefore, the best answer is E.

In Law, "Utmost Good Faith" Means: a Level of Trust