An accountant who willfully violates Section 11 of the 1933 Securities Act will be subject to criminal liability
Indicate whether the statement is true or false
True
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According to social identity theory and optimal distinctiveness theory, individuals desire to ______ social groups that enjoy distinct and positive identities.
a. avoid b. belong to c. invest in d. leave
Which of the following is true under the UCC regarding the requirement of privity in regard to a breach of warranty action?
a. The UCC limits liability to those in privity with the seller who are injured by the goods. b. The UCC extends protection to those in privity with the seller who are injured by the goods and also to those in the buyer's household reasonably expected to use, consume, or be affected by the goods and who are injured by the goods. c. The UCC extends protection not only to those in privity with the seller, but also to any person who may reasonably be expected to use, consume or be affected by the goods and who is injured by the goods. d. The UCC has alternate provisions regarding the need for privity from which adopting states may choose.
On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer that he could have the bike for $100 cash. Since Edward needed a few days to get the money, Edward got a signed, written
statement by the dealer that Edward could buy the bike for $100 at anytime on or before June 15. On June 10 Edward came to the dealer with the money, but the bike had been sold to another customer. Was the dealer under any obligation to Edward to keep this offer open until June 15? Give legal reasoning for your answer.
The Community Reinvestment Act contributed to the growth of the subprime lending market
Indicate whether the statement is true or false