Final answer:
A misrepresentation is material if it would likely induce a reasonable person to enter into a transaction and/or the maker knows it would likely induce the other party to enter into the transaction.
Step-by-step explanation:
The correct answer is d. It would likely induce a reasonable person to enter into a transaction and/or the maker knows it would likely induce the other party to enter into the transaction. A misrepresentation is considered material if it is likely to influence a reasonable person to enter into a transaction. This means that the misrepresentation is significant and has the potential to affect the decision-making process of the other party.
In addition, the maker of the misrepresentation must also be aware that it would likely induce the other party to enter into the transaction. This means that they have knowledge of the potential impact of their misrepresentation and intentionally use it to deceive or influence the other party.