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Assume your favorite soccwr team has 2 games left to finish the season. The outcome of each game can be win, lose or tie. The number of possible outcomes is
Materiality
The significance or importance of an event, fact, or piece of information in influencing a decision, particularly in the context of finance or law.
Reasonable Reliance
The expectation that a party can depend on the statements or promises of another, often a factor in legal cases involving contracts or fraud.
Liability
The legal responsibility for one's actions or the obligation to compensate for harm or losses caused to another party.
Fraud
The intentional deception or dishonesty by an individual or entity, with the purpose of gaining some unfair or unlawful advantage or causing some unjust loss or harm to another party.
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