Which of the following statements BEST defines a material fact?

Which of the following statements BEST defines a material fact?


A) A misrepresentation of a fact about an applicant.

B) A concealment of a known fact by the applicant.

C) A false statement of a fact by the applicant.

D) A fact that may affect an applicant being accepted or rejected.



Answer: D) A fact that may affect an applicant being accepted or rejected.

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees