A famous journalist predicted the result of an NBA match between the LA Groves and LA Phantoms in favor of the Phantoms,based on the present form of Groves.Accordingly,Mark placed a huge bet on the Phantoms and lost heavily.This is an example of misrepresentation of a material fact of a contract.

Question

Quizplus · Accepted Answer

There is no material fact because it is simply an opinion of a future happening that cannot be proved.The fact asserted must be a past or existing fact,as distinguished from an opinion or a promise or prediction about some future happening.

A Famous Journalist Predicted the Result of an NBA Match