Scienter is a legal term which means:
A) that a buyer has justifiably relied upon the seller's representation.
B) that the seller had knowledge that his statements were false and the statements were made with the intention to deceive.
C) sales puffery.
D) statements of scientifically proven knowledge.

Question

Quizplus · Accepted Answer

Scienter is a legal term that refers to the knowledge that a person has about a particular fact or situation. In the context of contract law, scienter specifically refers to the knowledge that a seller has about the falsity of a statement made to a buyer. If a seller makes a statement that they know to be false, and they do so with the intention of deceiving the buyer, then they are said to have acted with scienter.

Scienter Is a Legal Term Which Means