Asked by Meira Myers on Jun 24, 2024
Verified
A person who makes a misrepresentation but has no knowledge about the falsity of the statement does not have ________.
A) information
B) premeditation
C) planning
D) plotting
E) scienter
Scienter
The knowledge or intent to deceive, manipulate, or defraud, used as a criterion to establish liability in fraud and securities litigation.
- Comprehend the function of scienter within cases of misrepresentation.
Verified Answer
MB
mauro bravoJun 27, 2024
Final Answer :
E
Explanation :
If a person who made a false statement had no knowledge of the falsity of the claim,we say the person lacked scienter.Scienter is a legal term that refers to intent or knowledge of wrongdoing.This means that an offending party had knowledge of the wrongness of an act or event prior to committing it.
Learning Objectives
- Comprehend the function of scienter within cases of misrepresentation.