Utmost Good Faith – NBC Institute

BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

Question

A contract of insurance is a contract of utmost good faith.

Required:
i. Explain briefly the term “material fact” in a contract of insurance.
ii. State THREE exceptions to the duty of disclosure of material facts.

Answer

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Tags: Disclosure Exceptions, Insurance Contract, Material Fact, Utmost Good Faith
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – Nov 2022 – L1 – SA – Q16 – Law of Contract

Identifying the legal term that means "utmost good faith."

Question

Which of the following means “utmost good faith”?

A. Caveat emptor
B. Uberrimae fidei
C. Ultra vires
D. Per in curiam
E. Non est factum

Answer

Find Related Questions by Tags, levels, etc.

Tags: Legal Terms, Utmost Good Faith
Level: Level 1

Topic: Law of Contract
Series: NOV 2022

BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

Question

A contract of insurance is a contract of utmost good faith.

Required:
i. Explain briefly the term “material fact” in a contract of insurance.
ii. State THREE exceptions to the duty of disclosure of material facts.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Disclosure Exceptions, Insurance Contract, Material Fact, Utmost Good Faith
Level: Level 1

Topic: Law of Contract
Series: NOV 2020

BL – Nov 2022 – L1 – SA – Q16 – Law of Contract

Identifying the legal term that means "utmost good faith."

Question

Which of the following means “utmost good faith”?

A. Caveat emptor
B. Uberrimae fidei
C. Ultra vires
D. Per in curiam
E. Non est factum

Answer

Find Related Questions by Tags, levels, etc.

Tags: Legal Terms, Utmost Good Faith
Level: Level 1

Topic: Law of Contract
Series: NOV 2022

Question Tag: Utmost Good Faith

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BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

BL – Nov 2022 – L1 – SA – Q16 – Law of Contract

Identifying the legal term that means "utmost good faith."

BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

BL – Nov 2022 – L1 – SA – Q16 – Law of Contract

Identifying the legal term that means "utmost good faith."

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Question Tag: Utmost Good Faith

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BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

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BL – Nov 2022 – L1 – SA – Q16 – Law of Contract

Identifying the legal term that means "utmost good faith."

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BL – Nov 2020 – L1 – SB – Q4b – Law of Contract

Define material fact in insurance and list exceptions to disclosure duty.

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BL – Nov 2022 – L1 – SA – Q16 – Law of Contract

Identifying the legal term that means "utmost good faith."

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