Question

Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product that is regulated by state law. The law is somewhat unclear. Before launching the campaign, he researched the relevant law and consulted with his attorney in an effort to comply with the law. Nevertheless, the attorney general of his state has filed a lawsuit against him for deceptive advertising. Ted's best defense is that:

Answer 1

Answer:

He acted in a good faith

Explanation:

A good faith defense is used when a person is under legal charges and intentional fraud. this defense doesn't involve an intentional or willingness to defraud since those are essential to finding charges. The burden of proof isn't on the defendant to prove their faith. But the state has to prove that the defendant acted with the specific intent to defraud another party. In essence, they didn't act in good faith. someone who expresses an honest opinion doesn't charge as defraud.  

There is the factor that doesn't establish fraudulent intent includes as  

• Making an error in management
• Making a mistake in judgment
• Acting in a careless manner

So if someone believes in a business venture is sounds well and will succeed.