Asked by Trevor Dandrade on Jul 16, 2024
Verified
Scienter is present when the party accused of making the fraudulent assertion believed that the assertion was false or made the claim without any regard for whether it was true or false.
Scienter
Deliberately or knowingly.
- Master the idea of fraudulent misrepresentation and understand its requirements, like intent and scienter.
Verified Answer
AD
Ashley DavisJul 16, 2024
Final Answer :
True
Explanation :
Scienter refers to the intent or knowledge of wrongdoing, implying that a person knew an assertion was false or acted with reckless disregard for its truth or falsity when making a fraudulent claim.
Learning Objectives
- Master the idea of fraudulent misrepresentation and understand its requirements, like intent and scienter.
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