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:

Autonomy

The ability or right of an entity, especially a region or organization, to govern itself independently.

Owners

Individuals or entities that hold legal title to an object, property, or business, giving them certain rights such as usage, control, and the ability to transfer ownership.

Compromise of 1850

A series of laws passed in 1850 aimed at resolving the territorial and slavery controversies arising from the Mexican-American War.

Fugitive Slave Act

Legislation passed in the United States that required the return of escaped slaves to their owners, even from states where slavery was banned.