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Case and law context
Interpretation-only case: no CASE context or instance blocks recorded in this snapshot.
Instances and excluded annotation blocks
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Court interpretations recorded from this case
interpretation
A fraudulent scheme must include a material misrepresentation, which is a misrepresentation that could influence the decision of a "person[ ] of ordinary prudence and comprehension."
A fraudulent scheme must include a material misrepresentation, which is a misrepresentation that could influence the decision of a "person[ ] of ordinary prudence and comprehension."Source:
docroot/ir/caselaw/f3d_922.jsonl#/f3d/922/0762-01; Unicode character offsets [1835:2017] (end exclusive); SHA-256 e8ef7181fd7c4c0d1625b6886392822112d781901a03a369c30766e369d8be7e.Judge-made incorporation of common-law fraud, not an express word in this statute. Petlechkov supplies the Sixth Circuit's ordinary-prudence formulation, not a uniform national definition. Kousisis leaves unresolved the parties' competing formulations of the materiality standard; it does not adopt an essence-of-the-bargain test as an additional universal element.