Scienter is the element of fraud that requires that the misrepresentation must have been known by the one making it to be false and must have been made with an intent to deceive.

Question

Quizplus · Accepted Answer

Scienter refers to the knowledge of wrongdoing or the intent to deceive or defraud, which is a crucial element in establishing fraud, as it requires that the person making the misrepresentation knows it is false and intends to deceive the other party.

Scienter Is the Element of Fraud That Requires That the Misrepresentation