Scienter Is the Element of Fraud That Requires That the Misrepresentation

question 36

True/False

Scienter is the element of fraud that requires that the misrepresentation must have been known by the one making it to be false and must have been made with an intent to deceive.

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Definitions:

Objective Procedures

Processes or protocols that are based on factual and unbiased criteria, ensuring fairness and consistency in application.