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Materiality is particularly important in the context of securities law, because under the Securities Exchange Act of 1934, a company can be held civilly or criminally liable for false, misleading, or omitted statements of fact in proxy statements and other documents, if the fact in question is found by the court to have been material pursuant ...
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.
The law of contracts varies from state to state; there is nationwide federal contract law in certain areas, such as contracts entered into pursuant to Federal Reclamation Law. The law governing transactions involving the sale of goods has become highly standardized nationwide through widespread adoption of the Uniform Commercial Code .
Contracts often use wording other than repudiatory breach to describe a type of breach of contract. These contractual terms include material breach, fundamental breach, substantial breach, serious breach. These alternative wordings have no fixed meaning in law but are interpreted within the context of the contract that they are used.
Materiality (digital text), refers to the physical medium used to store and convey the text; Materiality (law), a legal term that has different meanings depending on context; Materiality (social sciences and humanities), the notion that the physical properties of a cultural artifact have consequences for how the object is used
A Burrows, Cases and Materials on Contract Law (2nd edn Hart, Oxford 2009) ch 11; H Collins, Contract law in context (4th edn CUP, Cambridge 2004) E McKendrick, Contract Law (8th edn Palgrave, London 2009) ch 13; E Peel, Treitel: The Law of Contract (7th edn Thompson, London 2008) ch 9; M Chen-Wishart, Contract Law (6th edn OUP 2018) ch 5; Articles
King Edward I (1272-1307) created a law saying anyone caught using whiteners in bread would be put in the public pillory for one hour. Image credits: Festina_lente123
Contract law in the majority of civil law jurisdictions is part of the broader law of obligations codified in a civil or commercial code clearly outlining the extent to which public policy goals limit freedom to contract and adhering to the general principle that the sole formal requirement for a contract to be formed is the existence of a ...