Which of the following can meet the scienter requirement to establish fraud in the inducement?
A) Actual knowledge
B) Lack of belief in the statement's truthfulness
C) Reckless indifference as to a statement's truthfulness
D) All of these meet the requirement.

Question

Quizplus · Accepted Answer

All of the options listed can meet the scienter requirement for fraud in the inducement. Actual knowledge means the person making the statement knew it was false. Lack of belief in the statement's truthfulness means the person making the statement did not believe it was true at the time they made it. Reckless indifference as to a statement's truthfulness means that the person made the statement without caring about whether it was true or false. All of these satisfy the scienter requirement for establishing fraud in the inducement.

Which of the Following Can Meet the Scienter Requirement to Establish