Scienter Is a Legal Term Which Means

question 10

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) All of these.

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Definitions:

Peer Pressure

The influence exerted by a peer group in encouraging a person to change their attitudes, values, or behaviors in order to conform to group norms.

Utilitarian Influence

The impact of a product or service based on its practical benefits and usefulness.

Informational Influence

A form of social influence involving a change in beliefs or behavior in order to fit in with a group, based on the information or evidence provided by the group.

Referential Influence

The impact of others' opinions and behaviors on an individual's choices and actions, based often on the individual's desire to conform or be accepted by a group.