Asked by
Jamie Taylor
on Nov 10, 2024
Verified
Utmost good faith is another term for a business's reputation and ongoing relations with customers.
Utmost Good Faith
A legal doctrine requiring all parties to a contract, especially in insurance, to act honestly and disclose all relevant facts.
Business's Reputation
A business's reputation is the public perception or regard for a company, significantly influencing its success by affecting customer trust and loyalty.
- Comprehend the significance of fiduciary responsibilities and the necessity for agents to place the interests of principals first.
Verified Answer
AG
Learning Objectives
- Comprehend the significance of fiduciary responsibilities and the necessity for agents to place the interests of principals first.
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