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Legal Definition of Concealment (258 words) |
 | CONCEALMENT - The unlawful suppression of any fact or circumstance by one of the partys to a contract from the other, which in justice ought to be made known. |
| For example, the concealment by an agent that a nuisance existed in connexion with a house the owner had to hire, did not render the lease void. |
| Under this rule, it has been decided that a policy is void, which was obtained by the concealment by the assured of the fact that he had heard that a vessel like his was taken. |
| Criminal Resource Manual 858 Fraudulent Transfer or Concealment -- 18 U.S.C. § 152(7) (749 words) |
| Concealment is not a necessary element of a prohibited transfer. |
| The special mens rea required is that the concealment or the transfer be done either (1) in contemplation of the filing of a bankruptcy case, or (2) with the intent to defeat the provisions of the Bankruptcy Code. |
| The first alternative mens rea-- that the concealment or the transfer was done in contemplation of the filing of a bankruptcy case -- requires proof of a connection between the defendant's actions and the filing of the bankruptcy case. |
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