A material fact is a fact that a reasonable person would recognize as relevant to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision.[1][2]
^"Material". Wex. Cornell Law School. Retrieved 23 May 2017.
^"Materiality". Wex. Cornell Law School. Retrieved 15 October 2021.
^"The Equitable Remedy of Rescission: A Tool to Defeat Fraud". 2015-04-21. Retrieved 2017-05-23.
December 02, 2023
material, fact, material, fact, fact, that, reasonable, person, would, recognize, relevant, decision, made, distinguished, from, insignificant, trivial, unimportant, detail, other, words, fact, suppression, which, would, reasonably, result, different, decision. A material fact is a fact that a reasonable person would recognize as relevant to a decision to be made as distinguished from an insignificant trivial or unimportant detail In other words it is a fact the suppression of which would reasonably result in a different decision 1 2 Falsification of a material fact that would cause a party to a contract to refrain from entering into the contract may be grounds for rescission For example misrepresentation of a material fact on an application for insurance may give an insurance company grounds to rescind an insurance policy 3 See also editMateriality law Material witnessReferences edit Material Wex Cornell Law School Retrieved 23 May 2017 Materiality Wex Cornell Law School Retrieved 15 October 2021 The Equitable Remedy of Rescission A Tool to Defeat Fraud 2015 04 21 Retrieved 2017 05 23 Retrieved from https en wikipedia org w index php title Material fact amp oldid 1162585913, wikipedia, wiki, book, books, library,
