Fraud requires scienter; that is the party accused of fraud must have wanted to mislead the other party.

Name: Fraud requires scienter; that is the party accused of fraud must have wanted to mislead the other party.
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Question

Quizplus · Accepted Answer

Scienter, meaning knowledge or intent, is a required element for a claim of fraud. The party accused of fraud must have had the intention to deceive or mislead the other party for it to be considered fraud.

Fraud Requires Scienter; That Is the Party Accused of Fraud