One Element of Fraud or Intentional Misrepresentation Is Scienter

question 193

Multiple Choice

One element of fraud or intentional misrepresentation is scienter. That means:

• A) false information about an important fact was passed on
• B) the defendant knew there was false information being passed on
• C) the defendant wanted the plaintiff to believe the falsehood
• D) there was a relationship between the parties that created a legal obligation
• E) the extent of damages caused

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Definitions:

Cross-Price Elasticity

An index indicating the variation in demand for a particular item as a result of the price alteration of a different item.

Complements

Goods or services that are used together, such that the increase in demand for one results in an increase in demand for the other.

Bacon and Eggs

A popular breakfast dish in various cultures consisting of fried bacon and eggs.

Cross-Price Elasticity

A measure used in economics to show how the quantity demanded of one good changes in response to a change in the price of another good.