Image result for at Image result for fi... Profile Information M Remaining Time: 1 hour, 24 minutes, 40 seconds. Question Completion Status: "If both parties are mistaken about a material fact, the mutual mistake does not void the contract." True False 2.5 points Sa QUESTION 2 Fraudulent misrepresentation is also referred to as intentional misrepresentation True False QUESTION 3 2.5 points Save An erroneous belief about the facts of the contract at the time the contract is concluded is called a mistake of fact. True False Question Completion Status: QUESTION 4 Scienter is present when the party accused of making fraudulent assertion believed that was false or made the claim without any regards for whether it was true or false. True False QUESTION 5 It is not necessary to show reliance to prove fraudulent misrepresentation. False True QUESTION 6 Statute of Frauds is a title in the United States Code of Laws." True False