Opinion ID: 887368
Heading Depth: 1
Heading Rank: 6

Heading: Materiality of the Representation

Text: ¶ 23 Gary's and Jackie's financial representations to Frieda as to their financial position were material to the purported waiver of interest. When asked why she thought Frieda waived the interest, Jackie testified: I think she did it because she was afraid maybe we couldn't pay it and she didn't want to see us lose the farm.... Likewise, Gary testified on direct examination: Q. [Appellant's counsel] Did you ever tell Frieda that you would have to sell the farm if you had to pay an additional $65,000 interest? A. [Gary] I said it was a possibility. And, on cross-examination, Gary testified as follows: Q. [Respondent's counsel] Now, you are not saying that your mother forgave the interest on the note because she liked you better than your brothers and sisters, are you? A. [Gary] No. Q. What you are saying ... is that you think your mother signed the waiver because she didn't want to see you lose the place, fair statement? A. Yes.