Asked by
Jason Lawrence
on Nov 29, 2024Verified
Nonfraudulent representation is made without scienter.
Nonfraudulent Representation
Any statement or declaration that is truthful and not intended to deceive or mislead.
Scienter
A legal term referring to the knowledge of wrongdoing or fraudulent intent in actions that lead to litigation, particularly in securities fraud.
- Comprehend the principle of scienter and its significance in proving fraudulent activities.
Verified Answer
RN
Learning Objectives
- Comprehend the principle of scienter and its significance in proving fraudulent activities.