Which of the following is true of Section 11 of the Securities Act of 1933?
A) It permits injured private parties to bring criminal action against fraudulent registration statements filed by issuers.
B) It imposes liability on those who are negligent in not discovering the fraud.
C) It allows an issuer to assert a due diligence defense against the imposition of Section 11 liability.
D) It cannot be imposed on cases involving negligent omission of a material fact in a registration statement.
B
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What is the minimum amount that a product must cost to require a label stating condition of the warranty under the Magnuson-Moss Act?
A. $20 B. $15 C. $5 D. $10
In groupthink, certain members take it upon themselves to protect the leader from dissenting opinions. This symptom is called ______.
A. illusion of unanimity B. self-censorship C. self-appointed mindguards D. collective rationalization
Bonds subject to a redemption provision, which permits the corporation to redeem, or pay off, all or a part of the issue before maturity at a specified redemption price are known as:
a. secured bonds. b. income bonds. c. callable bonds. d. convertible bonds.
A&B Storage, Inc, signs a six-month lease to occupy a warehouse. This is A) a periodic tenancy
B) a tenancy at sufferance. C) a tenancy at will. D) a fixed-term tenancy.