A misrepresentation is material if:
A)it would likely induce a reasonable person to enter into a transaction.
B)the maker knows it would likely induce the other party to enter into the transaction.
C)it is made knowingly.
D)Both (a) and (b).

Question

Quizplus · Accepted Answer

A misrepresentation is material if it meets both (a) and (b). It must be likely to induce a reasonable person to enter into a transaction, and the maker must know this to be the case. Therefore, choice D is the best answer as it includes both criteria.

A Misrepresentation Is Material If