Practice question
Without answering any inquiry falsely, a party does not volunteer a fact the other already knows. Is there ordinarily a duty to volunteer it under section 30?
- Always, even if fully known
- Only if the fact is printed
- Only if both parties are companies
- Only if a loss later occurs
- No, the section excludes facts the other knows, except in answer to inquiries
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 26–35 and 48
Answer this question in flashcards to review your response and continue practicing.