duty to disclose

duty to disclose

The legal responsibility of a seller,broker,or agent to tell a potential buyer about a defect in the premises.Some states have laws requiring disclosure of certain named and described conditions in addition to anything else that might constitute a defect.

References in classic literature ?
You have divined too truly, I fear; but still, since I know it, I feel it my duty to disclose it to you.
A spokeswoman for Scottish Government agency Transport Scotland said: "A driver's duty to disclose conditions that potentially impact on their fitness to drive are contained within the Road Traffic Act 1988, for which the UK Government is responsible through the DVLA.
Some of the fiduciary duties owed by China Cord Directors' under Cayman law include: a duty to act in good faith in the best interests of the company; a duty to exercise their powers for the purposes for which they are conferred; a duty of trusteeship of the company's assets; a duty to disclose personal interest in contracts involving the company; a duty not to make secret profits from the Directors' office; and a duty to act with skill, care and diligence.
Davis Polk moved to dismiss the complaint, arguing among other things that (1) Morgan Stanley had no duty to disclose its subprime trading position and, even if it did, plaintiffs had failed to plead scienter with respect to any such omission, (2) the complaint failed to identify any misstatements relating to Morgan Stanley s subprime exposure and (3) plaintiffs failed to plead loss causation in connection with their claim that Morgan Stanley misstated the value of its subprime trading position.
Mr Eadie told the justices that "the Government departments considered that they had no duty to disclose the requested information, and indeed had countervailing duties of confidentiality and as data controllers not to disclose it", and the Information Commissioner agreed.
The proposed amendments pertain to the prosecutor's duty to disclose certain information concerning informant witnesses.
He said this was because the news was not materially different from previously disclosed information, the bank made no incomplete or inaccurate statements, and there was no duty to disclose the information sought.
Frank O'Donoghue QC argued the Chief Constable is under a public law duty to disclose the report without delay.
Anderson had a constitutional and ethical duty to disclose this," Popps said.
Subordinate duties of the board include confidentiality, ambassadorship, a duty to disclose conflicts of interest, and a duty to contribute.
Scheppele, for example, claims that the duty to disclose in the oil