Scienter Is a Legal Term Which Means

question 21

Multiple Choice

Scienter is a legal term which means:

• A) that a buyer has justifiably relied upon the seller's representation.
• B) that the seller had knowledge that his statements were false and the statements were made with the intention to deceive.
• C) sales puffery.
• D) statements of scientifically proven knowledge.

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Definitions:

Truthfulness

The quality of being honest and not containing or telling any lies.

Deceived

The act of misleading or tricking someone, often to gain an advantage.

Fraudulent Misrepresentation

Deliberately providing false information to deceive another party, often to gain a financial advantage.

Intent To Deceive

Refers to the willful act of misleading or deceiving another party, often to gain an advantage or to persuade them to act in a certain way.