Scienter - General Use

General Use

It is generally used as an element to certain causes of action and is sometimes used as a standard for liability or guilt in some jurisdictions. For instance, section 1960 of title 18 of the United States Code, which prohibits unlicensed money transmitting businesses, has a scienter requirement, in that it only applies to anyone " knowingly conducts, controls, manages, supervises, directs, or owns all or part of an unlicensed money transmitting business".

Read more about this topic:  Scienter

Famous quotes containing the word general:

    As a general truth, it is safe to say that any picture that produces a moral impression is a bad picture.
    Edmond De Goncourt (1822–1896)

    The first general store opened on the ‘Cold Saturday’ of the winter of 1833 ... Mrs. Mary Miller, daughter of the store’s promoter, recorded in a letter: ‘Chickens and birds fell dead from their roosts, cows ran bellowing through the streets’; but she failed to state what effect the freeze had on the gala occasion of the store opening.
    —Administration in the State of Sout, U.S. public relief program (1935-1943)