California, United States of America
The following excerpt is from Bank of America Nat. Trust & Sav. Ass'n v. Hutchinson, 212 Cal.App.2d 142, 27 Cal.Rptr. 787 (Cal. App. 1963):
Finally, "Even though one is under no obligation to speak as to a matter, if he undertakes to do so, either voluntarily or in response to inquiries, he is bound not only to state truly what he tells but also not to suppress of conceal any facts within his knowledge which will materially qualify those stated. If he speaks at all he must make a full and fair disclosure.' [Citation.] Where there is a duty to disclose, the disclosure must be full and complete, and any material concealment or misrepresentation will amount to fraud sufficient to entitle the party injured thereby to an action. [Citation.]' (Pashley v. Pacific Elec. Ry. Co., 25 Cal.2d 226, 235, 153 P.2d 325.)
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.