What Is the Significance of Requiring That a Misrepresentation Relate

What is the significance of requiring that a misrepresentation relate to a "material fact" in connection with a fraud in the inducement case?

A) The misstatement must relate to the substance that the item is made of.
B) The misstatement must have been a significant factor in the plaintiff's decision to enter into the contract, and cannot relate to an opinion or prediction.
C) The misstatement must have been a correct statement at some point in the past.
D) The misstatement can relate to any fact before or after the contract was formed.
E) The misstatement must not involve an issue of law.