A fact is material if
A) It concerns a basic assumption in the agreement that could change the value of the contract.
B) The reasonable person would find it misleading during the negotiation process of the contract.
C) It is any fact stated in contract negotiations that either party made.
D) The fact is objectively verifiable as true or false.

Question

Quizplus · Accepted Answer

A fact is considered material if it concerns a basic assumption in the agreement that could change the value of the contract, as it directly impacts the decision-making process of the parties involved.

A Fact Is Material If