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:

CCD

Stands for Charge-Coupled Device, a type of image sensor used in digital cameras and other imaging devices to capture light and convert it into digital data.

Codec

A rule, implemented in either software or hardware, which squeezes a given amount of audio and video information into less space.

Codec

A computer program capable of encoding or decoding a digital data stream or signal, often used for compressing audio or video data.

Model Release

A release that usually grants a photographer the right to use an image of the model (or subject of the photo) commercially.