Which of the Following Is True About Scienter and Intent

question 13

Multiple Choice

Which of the following is true about scienter and intent to deceive?

• A) Scienter can occur when the party making the fraudulent assertion believed it was false; intent to deceive occurs when the person making the false statement claims to have personal knowledge of the statement's accuracy.
• B) Either scienter or intent to deceive can occur when the party making the false statement claims to have personal knowledge of its accuracy.
• C) Intent to deceive can occur when the party making the fraudulent assertion believed it was false; scienter occurs when the person making the false statement claims to have personal knowledge of the statement's accuracy.
• D) Scienter and intent to deceive do not involve a party's personal knowledge of the statement's accuracy.
• E) In both scienter and intent to deceive, the party making the statement does not want the contract to be fulfilled on the basis of a falsehood.

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Definitions:

Neurons

Specialized cells in the nervous system that transmit information through electrical and chemical signals.

Short-Term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Chunks

Units of information grouped together as a single unit in memory, making it easier to process and remember.

Adult

An individual who has reached maturity and is considered legally responsible for their actions.