Sunday, April 25, 2010

[BBL2014]Uberrima Fides

Uberrima Fides or uberrimae fidei is a latin phrase meaning "utmost good faith". This is the total opposite of caveat emptor (let the buyer beware) as Uberrima fides is a legal doctrine which governs insurance contracts where all parties to an insurance contract must deal in good faith by making a full declaration of all material facts in the insurance proposal.

Link:
http://en.wikipedia.org/wiki/Uberrimae_fidei

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