Which of the Following Is True About Scienter and Intent

question 63

Multiple Choice

Which of the following is true about scienter and intent to deceive?

• A)Scienter and intent to deceive do not involve a party's personal knowledge of the statement's accuracy.
• B)In both scienter and intent to deceive,the party making the statement does not want the contract to be fulfilled on the basis of a falsehood.
• C)Either scienter or intent to deceive can occur when the party making the false statement claims to have personal knowledge of its accuracy.
• D)Scienter can occur when the party making the fraudulent assertion believed it was false;intent to deceive occurs when the person making the false statement claims to have personal knowledge of the statement's accuracy.
• E)Intent to deceive can occur when the party making the fraudulent assertion believed it was false;scienter occurs when the person making the false statement claims to have personal knowledge of the statement's accuracy.

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Definitions:

Model

A simplified representation, often mathematical, of a process or relationship between variables used to predict or explain real-world phenomena.

Applicable

Relevant or appropriate in a given situation or context.

Television Ownership

The state or fact of owning a television set, often considered in studies related to media consumption habits.

Per Capita GDP

A measure of a country's economic output that accounts for its number of people, essentially dividing the GDP by the population.