Material fact

<p>A material fact  is a <a href="/facts/Fact/vNPzHxtf">fact</a> that a <a href="/facts/Reasonable_person/8wC146cQ">reasonable person</a> would recognize as relevant to a decision to be made, as distinguished from an insignificant, <a href="/facts/Trivia/aMPEL1sv">trivial</a>, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision.
</p><p><a href="/facts/Falsified_evidence/3Ktb8pGa">Falsification</a> of a material fact that would cause a party to a <a href="/facts/Contract/SkqyGj6S">contract</a> to refrain from entering into the contract may be grounds for <a href="/facts/Rescission_(contract_law)/LsKKJQX6">rescission</a>. For example, <a href="/facts/Misrepresentation/tUmxBmkq">misrepresentation</a> of a material fact on an application for <a href="/facts/Insurance/06VP8I3B">insurance</a> may give an <a href="/facts/Insurance_company/06VP8I3B">insurance company</a> <a href="/facts/Insurance_fraud/Lev9uF3U">grounds</a> to rescind an <a href="/facts/Insurance_policy/xnuNEzpS">insurance policy</a>.
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Material fact open-in-new

Material fact