Which Is Material Misrepresentation?

A misrepresentation is often a lie of commission or omission. ... Putting the two together, a material misrepresentation is a statement made by someone with an intent to deceive or mislead another party, with information that is significantly important to the issue at hand.

What is an example of material misrepresentation?

In an insurance contract, a material misrepresentation occurs when the insured makes an untrue statement that: 1) is material to the acceptance of the risk; and 2) would have changed the rate at which insurance would have been provided or would have changed the insurer's decision to issue the contract.

What is material misrepresentation quizlet?

material misrepresentation. -a misrepresentation that would induce any reasonable person to enter the contract or that the maker KNOWS would induce the PARTICULAR recipient to enter the contract.