from
Bouvier's Law Dictionary, Revised 6th Ed (1856)
SUPPRESSIO VERI. Concealment of truth.
2. In general a suppression of the truth, when a party is bound to
disclose it, vitiates a contract. In the contract of insurance a knowledge
of the facts is required to enable the underwriter to calculate the chances
and form a due estimate of the risk; and, in this contract perhaps more than
any other, the parties are required to represent every thing with fairness.
1 Bla. Rep. 594; 3 Burr. 1809.
3. Suppressio veri as well as suggestio falsi is a ground to rescind an
agreement, or at least not to carry it into execution. 3 Atk. 383; Prec. Ch.
138; 1 Fonb. Eq. c. 2, s. 8; 1 Ball & Beatty, 241; 3 Munf. 232 1 Pet. 383; 2
Paige, 390 4 Bouv. Inst. n. 3841. Vide Concealment; Misrepresentation;
Representation: Suggestio falsi.