ELI5: Explain Like I'm 5

Duty of disclosure

Okay, let's imagine that you have some important information that you need to tell someone else. Maybe it's a secret message, or something you found out that could be helpful to them. But if you keep this information to yourself and don't tell them, it could cause them problems later on.

This is kind of like a game of "Show and Tell" that we play in school. If you have something to show or tell the other kids, it's your duty to share it and not keep it hidden.

Now, in some grown-up situations, like when you're buying a house or getting a job, there are certain things that you need to share with the other person so that they can make a good decision. This is called the "duty of disclosure." It means that you have a responsibility to tell the other person anything important that could affect their decision.

For example, if you're selling a car that has a really big scratch on it, you need to tell the buyer about it, even if they don't notice it at first. Or if you're applying for a job and you have a criminal record, you need to tell the employer about it, because it could affect whether they want to hire you or not.

The duty of disclosure helps make sure that everyone has all the information they need before they make a decision, so they don't get surprised later on. So remember, when you have something important to share, it's your duty to tell!
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