Concealment is the act of intentionally hiding important information or facts from someone who has a right to know them. This term is often used in legal settings, and can refer to various situations such as hi
In common law, caveat emptor was strictly enforced. Almost always, sellers had no duty to disclose defects, and buyers had to rely entirely on their own judgment. In the mid-20th century, consumer protection laws emerged, significantly weakening caveat emptor. Legislation like theUniform Commercial...
We explain who is affected by it, what the latest changes look like and what they mean for companies. What's in this article? What is money laundering? What is the Money Laundering Act? Who does the Money Laundering Act concern? What obligations do companies need to fulfil under the ...
In insurance, a misrepresentation is a lie or concealment of facts that can void an insurance contract if the insurer discovers the misrepresentation. For example, if a homeowner installs a pool but tells their insurer that they do not have a pool, the insurer may be able to void the polic...
Question: If the buyers are closing on Friday, what day do they need to have the closing disclosure? Explain. Business Day: A business day is considered a normal working day where normal businesses will be open in the majority of industries. Non-business ...
While many of the mechanisms hypothesised in the original theory of change were supported by the review, a number were not. This does not mean that P4P schemes do not affect these areas, just that these areas have been understudied and there is currently a lack of evidence that these were ...
Our Code does not alter the terms and conditions of your employment. It details what is expected of everyone at BP and supports us in being responsible and respectful. In this document words or phrases such as 'BP', 'our company' and 'company' are used typically to mean the BP group ...
(“Fraud. . . 1. A knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment.”)See Internet Crime Complaint Center, 2010 Internet Crime Report, at 19. (“Non-Delivery Payment/Merchandise (non-auction) – Purchaser did not ...
In phase two, the “cover-up phase,” complex transactions are introduced to conceal the origins of the money. This could be the transfer of money between various bank accounts, countries, and currencies, the performing of bogus transactions, or the use of letterbox companies. Concealment caps ...
Insurance companies will void or limit benefits in cases of concealment or misrepresentation. Misrepresentation involves actively providing incorrect information to an insurance agent when purchasing a policy, while concealment technically consists of neglecting to provide information that would change the terms...