Asked by

Jason Lawrence
on Nov 29, 2024

verifed

Verified

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.
verifed

Verified Answer

RN
Rae Neil MoralaDec 05, 2024
Final Answer:
Get Full Answer