material facts


Also found in: Financial.

material facts

all facts that must be proved in order to establish the grounds of claim or defence are material.
References in classic literature ?
He had likewise, as we have observed, omitted many material facts in his present relation.
If nothing is added to the material facts so far established, I fear that the mystery which surrounds the abominable crime of which Mademoiselle Stangerson has been the victim will never be brought to light; but it is to be hoped, for the sake of our human reason, that the examination of the walls, and of the ceiling of The Yellow Room --an examination which I shall to-morrow intrust to the builder who constructed the pavilion four years ago--will afford us the proof that may not discourage us.
Jansenius and the general mob of mankind with nothing but a grovelling consciousness of some few material facts, she felt in herself an exquisite sense and all-embracing conception of nature, shared only by her favorite poets and heroes of romance and history.
Of course, it was a case of conscience, but the material facts such as these brought about the solution.
Under this fiduciary duty, an investment adviser was held to have "an affirmative duty of utmost good faith and full and fair disclosure of all material facts.
Mr Ramadoss added: ``When proposing for insurance there is a duty on all parties to disclose all material facts.
He would be required to inquire as to all relevant facts, be satisfied that the opinion takes account of all relevant facts and that the material facts are accurately and completely described in the opinion.
Case law requires sellers and their agents to disclose material facts about a property.
Events that can result in a change or modification of the new method include the enactment of legislation; a decision of the Supreme Court; the issuance of temporary or final regulations; the issuance of a revenue ruling, revenue procedure, notice, or other statement published in the Internal Revenue Bulletin, the issuance of written notice to the taxpayer that the change in method of accounting was granted in error or is not in accord with the current views of the IRS; or a change in the material facts on which the consent was based.
Only a contract which is fair and open and where all material facts known to each have been communicated to the other can be required to be performed.
This is a securities class action on behalf of the Plaintiffs, who comprise a class consisting of all of the shareholders of PSC who sold their shares in PSC as a result of SOUTHERN LIFE's alleged fraudulent and unlawful omissions and misrepresentations of material facts in connection with SOUTHERN LIFE's purchase of a security held by PSC and referred to as a "debenture.
However, if the taxpayer withdraws its request, has its Form 3115 rejected, decides not to implement the requested and approved change, or has misstated or omitted material facts, these prior years can be attacked by the IRS.

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