Scienter Exists If

question 34

Multiple Choice

Scienter exists if

• A)Martin knows that the transmission on his truck is defective,but does not tell this fact to potential buyers.
• B)The racehorse that Karen is trying to sell has a genetic defect,but Karen does not know about the defect,and so she does not warn potential buyers.
• C)Jake,a real estate agent,tells a client that he has a house that "will make all her dreams come true."
• D)Jon forces Bill to sign a contract to sell Jon a car below market value.

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Definitions:

Ratio

A comparative statistic that shows the relative size of two numbers or quantities to each other, expressed as "x to y" or x:y.

Ratio

A mathematical relationship between two numbers indicating how many times the first number contains the second.

Interval

A range of values between two points, often used in reference to scales in measurements.

True Zero Point

In measurement scales, a true zero point indicates the absence of the quantity being measured, allowing for ratios to be meaningfully calculated.