Scienter is present when the party accused of making the fraudulent assertion believed that the assertion was false or made the claim without any regard for whether it was true or false.

Question

Quizplus · Accepted Answer

Scienter refers to the intent or knowledge of wrongdoing, implying that a person knew an assertion was false or acted with reckless disregard for its truth or falsity when making a fraudulent claim.

Scienter Is Present When the Party Accused of Making the Fraudulent