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:

Storyboarding

A visual representation using sketches or images in sequence for the purpose of pre-visualizing a motion picture, animation, motion graphic, or interactive media sequence.

Before and After

A comparison or analysis technique that examines the conditions or states before and after a specific event or intervention.

Prototype

An early model or sample of a product built to test a concept or process, serving as a thing to be replicated or learned from.

Pilot Test

An initial small-scale implementation used to evaluate the feasibility, duration, cost, and adverse events involved in a research project.