Simple English definitions for legal terms
Read a random definition: QED
Concealment means not telling someone important information that they need to know before making a deal or agreement. This can happen on purpose or by accident. If the information is really important and the person who didn't tell knew it was important, the deal might not be fair and could be cancelled. There are three types of concealment: when someone doesn't say something they should, when someone lies to hide something, and when someone stays quiet when they should speak up.
Concealment is when someone intentionally or unintentionally hides important information that should be shared in a contract. This can happen when someone lies or doesn't tell the whole truth about something that could affect the agreement. If the information is important and the other party couldn't have known about it, the contract might be cancelled.
Let's say you're selling a car to someone. You know that the car has a problem with the brakes, but you don't tell the buyer. This is an example of active concealment because you had a duty to disclose the problem but didn't.
Another example is if you're selling a house and you know that there's a leak in the roof, but you don't tell the buyer. This is an example of fraudulent concealment because you're intentionally hiding information to deceive the buyer.
Finally, let's say you're selling a used phone online. You know that the battery life is very short, but you don't mention it in the listing. This is an example of passive concealment because you should have disclosed the information but didn't say anything.
These examples show how concealment can happen in different situations and how it can affect contracts. It's important to be honest and share all relevant information when making agreements with others.