In relation to fraud, 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 are false and had the intention to deceive.
C)sales puffery.
D)All of the above.

Question

Quizplus · Accepted Answer

Scienter refers to the seller's knowledge that their statements are false and their intention to deceive. The other choices do not relate to scienter.

In Relation to Fraud, Scienter Is a Legal Term Which