![]() In the context of securities fraud, any misrepresentation must be material to give rise to liability.As another example, a material breach of contract refers to a court finding that a party failed to satisfy their obligations significantly enough to where the aggrieved party is entitled to a remedy. ![]() ![]() For example, the term “material adverse effect” is used to describe events which alter the parties’ expectations so significantly that the event extinguishes the parties’ obligations under the contract. ![]()
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