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Material fact
Meaning
Noun
●
In Law:
A
fact
essential
to make a case or a
defense
, or the
absence
of which
negates
a case or
defense
.
●
In Law & Property law:
A
fact
that might
alter
a person's
decision
to
buy
a
property
or change the terms and price a
buyer
is
willing
to accept.
●
In Law:
A
fact
that might
alter
an insurer's
decision
to
agree
to provide
insurance
to a person or
alter
the
terms and conditions
or the rate of
premium
on a policy.
Sourced from
Wiktionary
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