What term describes knowledge attributed to a party based on their relationship with another party?

The correct term that describes knowledge attributed to a party based on their relationship with another party is imputed knowledge. This concept refers to the idea that one party can be held responsible for the knowledge that another party has, particularly in legal contexts or within agency relationships. For instance, if an agent learns something that is relevant to a transaction, that knowledge may be imputed to their principal, meaning the principal is assumed to have that knowledge due to their relationship.

Other options like primary knowledge, express knowledge, and inferred knowledge, do not capture this specific aspect of knowledge transfer related to relationships. Primary knowledge usually refers to original and direct information, while express knowledge is information that is clearly stated, and inferred knowledge relates to conclusions drawn from evidence rather than directly assigned based on a relationship. Imputed knowledge is particularly significant in real estate transactions where agents and their clients are involved, ensuring that essential information is recognized and accounted for in dealings.