Scienter Is a Requirement for Liability Under Section 10(b) of the Securities

question 43

True/False

Scienter is a requirement for liability under Section 10(b) of the Securities Ex?change Act of 1934.

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Definitions:

Assigns Contract

Refers to the transfer of rights or duties under a contract from one party to another.

Personal Skill

An individual's ability or expertise in a specific area that contributes to their effectiveness in personal or professional settings.

Delegatee's Performance

The execution of delegated tasks or duties by the appointed individual or entity.

Special Trust

A fiduciary relationship or arrangement in which one party holds property or assets for the benefit of another party, marked by a particular purpose or objective.