A misrepresentation is material if:
A) it would likely induce a reasonable person to enter into a transaction.
B) the maker does not know it would likely induce the other party to enter into the transaction.
C) it is made knowingly.
D) it misrepresents a transaction's value by more than 20%.

Question

Quizplus · Accepted Answer

A misrepresentation is considered material if it would likely induce a reasonable person to enter into a transaction, as it significantly affects the decision-making process of the person being misled.

A Misrepresentation Is Material If