Fraud generally requires scienter.

Name: Fraud generally requires scienter.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Criminal fraud encompasses a variety of means by which an individual intentionally uses some sort of misrepresentation to gain an advantage over another person.Fraud generally requires the following three elements: (a)a material false representation made with intent to deceive (scienter); (b)a victim's reasonable reliance on the false representation; and (c)damages.

Fraud Generally Requires Scienter