Material Fact
Legal Definition and Related Resources of Material Fact
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Material Fact
The meaning of the term depends largely upon the context. In insurance law the suppression of a material fact by an insured at the time of entering into the contract of insurance will void the contract; in this context, a material fact is one the knowledge or ignorance of which would naturally influence the judgment of the underwriter in making the contract at all or in estimating the degree and character of the risk or fixing the rate of the premium. In the context of granting summary judgments, a material fact which precludes granting the same is one upon which the outcome of the litigation depends; a fact which has legal probative force as to a controlling issue in the dispute. See federal Rule of civil procedure 56, Appendix 2. See also, Jacobsen v state , 569 P.2d 1152, 89 Wash.2d 104. In the context of securities and exchange Act, a material fact which an insider has to disclose in the sale or issuance of stock means a fact to which a reasonable man would attach importance in determining his choice of action in the transaction in question. See Securities and Exchange commission v Great Am. Industries, Inc., (C.A.2) 407 F.2d 453.
Material Fact Alternative Definition
Material facts are those which relate to the merits of the cause of action or defense facts which are within the issues to be tried and which may be made available on the trial as completing the cause of action or defense. 54 111, App. 353.
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Material Fact in Historical Law
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Material Fact in the Dictionary: Material Fact in our legal dictionaries
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This definition of Material Fact is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
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Concept of Material Fact in the context of Real Property
A short definition of Material Fact: A fact upon which an agreement is based, and without which, said agreement would not be made.
Concept of Material Fact in the context of Real Property
A short definition of Material Fact: A fact upon which an agreement is based, and without which, said agreement would not be made.