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Consider the following statements with regard to "uberrimae fidei": 1. It falls within a class of cases…

Uberrimae fidei (utmost good faith) applies only to specific classes of contracts such as insurance, not to every contract, so statements 1 and 3 are correct while statement…

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Consider the following statements with regard to "uberrimae fidei":
1. It falls within a class of cases which require utmost good faith.
2. Every contract is a contract uberrimae fidei.
3. A contract of insurance is an example of uberrimae fidei.
Which of the statements is/are correct?

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Answer and explanation

Correct answer B

Uberrimae fidei (utmost good faith) applies only to specific classes of contracts such as insurance, not to every contract, so statements 1 and 3 are correct while statement 2 is false, giving "1 and 3 only".

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