Question

In an allegation of fraud, a fact is considered material if it was of significant importance to the decision to enter into the contract. True or False

Answer 1

True

In an allegation of fraud, a  fact is considered material if it is having significant and sufficient importance to  the decision for stepping into a contract.

Fraud must be proved by indicating that the defendant's actions involved the following discrete elements:

• a wrong statement regarding a materialfact.
• A knowledgeon the part of the defendant that the given  statement is untrue,
• Intenton the part of the defendant for deceiving the alleged victim.