"Facts, the statement of which may reasonably be presumed likely to have such an influence on the judgment of the underwriter are called material facts" (Joseph Arnould).
The witness held back material facts, ie ones that might influence a decision.
In the same manner that courts can bypass the normal process of proof by taking judicial notice of facts, administrative agencies sometimes overcome deficiencies in the record of a formal proceeding by taking "official notice" of material facts.
personnel directly in charge and other directly responsible personnel of a company that presents false financial accounts or financial accounts with concealment of material facts to its shareholders and members of the public, that seriously hurt their interests,
None of them should take unfair advantage of anyone through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or any other illegal trade practices.
國文精選館
