{{Short description|Fact whose suppression would result in a different decision}} A '''material fact''' is a fact that a reasonable person would recognize as relevant to a decision to be made, as distinguished from an insignificant, trivial, or unimportant detail. In other words, it is a fact, the suppression of which would reasonably result in a different decision.<ref>{{cite web|title=Material|url=https://www.law.cornell.edu/wex/material|website=Wex|publisher=Cornell Law School|accessdate=23 May 2017}}</ref><ref>{{cite web |title=Materiality |url=https://www.law.cornell.edu/wex/materiality |website=Wex |publisher=Cornell Law School |access-date=15 October 2021}}</ref>
Falsification of a material fact that would cause a party to a contract to refrain from entering into the contract may be grounds for rescission. For example, misrepresentation of a material fact on an application for insurance may give an insurance company grounds to rescind an insurance policy.<ref name="answers1">{{cite web|url=https://www.lexisnexis.com/legalnewsroom/insurance/b/insurancelaw/archive/2015/04/21/the-equitable-remedy-of-rescission-a-tool-to-defeat-fraud.aspx |title=The Equitable Remedy of Rescission: A Tool to Defeat Fraud |date=2015-04-21 |accessdate=2017-05-23}}</ref>
==See also== *Materiality (law) *Material witness
==References== {{Reflist}}
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Category:Legal terminology