For a misrepresentation to be material,it must be likely to induce a reasonable person to manifest assent or the maker must know that it would be likely to induce the recipient to do so.

Question

Quizplus · Accepted Answer

The statement accurately reflects the legal definition of a material misrepresentation. A misrepresentation is considered material if it is significant enough to influence a reasonable person's decision to agree to a contract or transaction. In other words, if the misrepresentation is important enough to affect the recipient's decision-making process, it is material.

For a Misrepresentation to Be Material,it Must Be Likely to Induce