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)All of the above.

Question

Quizplus · Accepted Answer

Scienter refers to the seller's knowledge that their statement is false and made with the intention to deceive. It is a necessary element to prove fraud in many legal contexts. Choices A and C are not accurate definitions of scienter.

Scienter Is a Legal Term Which Means