A Material Fact Is a Fact That Is Irrelevant to the Subject

question 63

True/False

A material fact is a fact that is irrelevant to the subject matter of a contract but pertains to the conduct of the parties.

---

Definitions:

Original Maturity

The initial term agreed upon at the issuance of a loan or bond, prior to any refinancing or alteration.

Annual Coupon Rate

The annual interest rate paid by a bond issuer to its holder, expressed as a percentage of the bond's face value.

Market Price

The immediate cost at which one can buy or sell a service or asset in the marketplace.

Semiannually

Occurring twice a year, commonly used in the context of interest payment schedules or bond coupon payments.