Which of the Following Can Meet the Scienter Requirement to Establish

question 63

Multiple Choice

Which of the following can meet the scienter requirement to establish fraud in the inducement?

• A)Actual knowledge.
• B)Lack of belief in the statement's truthfulness.
• C)Reckless indifference as to a statement's truthfulness.
• D)All of the above meet the requirement.

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Definitions:

Commercial Electronic Information

Information related to electronic commerce that identifies, describes, or is used to guide or manage commercial activities.

Malware

Malicious software designed to harm, exploit, or steal information from computer systems.

Dangerous Virus

A viral agent capable of causing disease or harm to humans, animals, or plants, often associated with serious health outbreaks or pandemics.

Onus

The responsibility or burden of proof to demonstrate or verify something in a given situation.