ELI5: Explain Like I'm 5

Uberrima fides

Uberrima fides is a Latin phrase that means "utmost good faith." It means that when people make deals with each other or form contracts, they should be completely truthful and honest with each other about everything. Just like when you're playing a game with your friends, you have to be fair and honest about the rules and what you're doing.

Imagine if you and your friend were playing a game of cards and you cheated by hiding some cards up your sleeve. That wouldn't be fair, and your friend wouldn't want to play with you again because they wouldn't be able to trust you. If you had practiced uberrima fides, you would have played fairly and honestly, and you and your friend would have been able to enjoy the game together.

Uberrima fides is especially important when people are making big deals or contracts, like when a person wants to buy a car from a dealership. The dealership has to be completely honest about the condition of the car and the price they're asking, and the person buying the car has to be truthful about how they're going to pay for it. This way, both parties can feel confident that they're getting a good deal and won't be tricked or taken advantage of.

Overall, uberrima fides is all about being truthful and fair in all your dealings with others, so they can trust you and feel safe doing business with you.
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