Lying By Omission
November 4, 2008 § 22 Comments
A few folks seem to have a hard time wrapping their minds around the concept of lying by omission: of lying by leaving out crucial information one has a duty to disclose. But if you do it in business it can sometimes land you in jail. A significant amount of business law covers disclosure, and a fraudulent failure to disclose material information is sometimes a criminal offense.
So whether or not you are personally familiar with the concept of lying by omission, the society you live in is certainly familiar with the concept: familiar enough to send you to jail, in some circumstances.