Silence may constitute fraud if the transaction involves a person with fiduciary duty to the other party.

Question

Quizplus · Accepted Answer

In transactions where one party has a fiduciary duty to the other, failure to disclose material information that the fiduciary is obligated to reveal can be considered fraudulent. This is because fiduciaries have a legal obligation to act in the best interest of the other party, and silence on important matters violates this duty.

Silence May Constitute Fraud If the Transaction Involves a Person