Asked by
Aleksandr Gnedin
on Nov 27, 2024
Verified
A fact that is important and central to the subject matter of a contract is a material fact.
Material Fact
Any fact that is significant or essential to the subject at hand, which, if known, could influence a decision in a legal or financial transaction.
Subject Matter
The specific substance or area of concern upon which a discussion, work, or dispute is based.
- Comprehend the notion of material facts and their importance within the context of contract law.
Verified Answer
GT
Learning Objectives
- Comprehend the notion of material facts and their importance within the context of contract law.
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