Material Representation Law and Legal Definition

Material representation is a convincing statement, information or explanation made to a person to induce that person to enter into a contract or to take a decision, which s/he would not have done without such persuasion. In short, it is a representation to which a reasonable person would attach importance in deciding his or her course of action in a transaction. Material representation is a necessary element of an action for fraud. A contract entered into on the basis of untrue or misleading statement or information can be cancelled or rescinded without liablity.