Passive - sustany/dvg GitHub Wiki

The word �passive� denotes a lack of action. Some common uses of the term �passive� in a legal sense include:

• A �passive breach of contract� is where a person neglects to do what they are obligated under a contract.
• �Passive negligence� refers to a failure to do something that should have been done, such as the failure to discover a dangerous condition or to perform a duty imposed by law.
• A �passive trust� is one which does not impose upon the trustee any duty or responsibility and merely involves the holding of the title for the benefit of another.
• �Passive concealment� is where a seller knows of a defect in the item they are selling and does nothing to prevent the buyer from discovering it but does not disclose the existence of the defect.
• �Passive income� is income derived through investment, capital appreciation, the efforts of others, or other ventures which require little or no active effort or management.