Asked by Ashley Eggleston on Jul 27, 2024
Verified
The legal term for innocent misrepresentation is "scienter."
Innocent Misrepresentation
a false statement made without knowledge of its falsity, but not intended to deceive, which may allow for some remedies if it leads another party to enter into a contract under false pretenses.
Scienter
In cases of fraud and deceit, the word means knowledge on the part of the person making the representations, at the time when they are made, that they are false. In an action for deceit, scienter must be proved.
- Recognize the legal implications of scienter in the context of misrepresentation.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
False
Explanation :
The legal term for knowledge of falsity,which distinguishes fraud from innocent misrepresentation,is "scienter."
Learning Objectives
- Recognize the legal implications of scienter in the context of misrepresentation.