QUESTION 4 Scienter is one of the basic elements of fraud. In which of the...

80.2K

Verified Solution

Question

Accounting

image
QUESTION 4 Scienter is one of the basic elements of fraud. In which of the following scenarios does scienter exists? a. Martin knows that the transmission on his truck is defective but does not tell this to potential buyers when he is specifically asked about it O b. The racehorse that Karen is trying to sell has a genetic defect: she does not know about the defect and therefore does not warn potential buyers c. Jake, a real estate agent tells a client that he has a house that will make all her dreams come true" d. Jon convinces Bill to buy Jor's car for 125% of the fair market value QUESTIONS Claudia pledges to donate $10,000 to Disaster Relief and Recovery, Inc. (DDR). Relying on the pledge Claudia made. DDR orders additional supplies. After DDR places the order, Claudia declines to pay the $10,000 pledge she made Claudia's pledge may be enforceable under which of the following? The pre-existing duty rule The basis of unforseen difficulties As a requirements contract The doctrine of promissory estoppel

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students