Scienter is the element of fraud that requires that the misrepresentation must have been known by the one making it to be false, although it need not have been made with an intent to deceive.

Name: Scienter is the element of fraud that requires that the misrepresentation must have been known by the one making it to be false, although it need not have been made with an intent to deceive.
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Question

Quizplus · Accepted Answer

Scienter requires that the misrepresentation be made with knowledge of its falsity and with an intent to deceive.

Scienter Is the Element of Fraud That Requires That the Misrepresentation