If an offer is indefinite or vague or if an essential provision is lacking, no contract arises from an attempt to accept it
Indicate whether the statement is true or false
True
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Which of the following is true about Section 11 of the 1933 Act?
A. Under Section 11, the purchaser has the burden of proving that he or she exercised due diligence. B. The defendant can escape liability if the purchaser did not read the registration statement. C. To prove liability, a purchaser only has to prove that the defendant is in one of the three classes of persons liable under Section 11. D. Directors who are not signers are not liable for false information after purchase of the security.
By delegating some of its authority to make and implement laws, Congress violates the U.S. Constitution.
Answer the following statement true (T) or false (F)
Kevin works in the public relations department of his company. He sends a news release about a new product offering to several newspapers and television stations. Kevin knows from past experience that even when the media use his news releases, they often release the information at inopportune times. They will also sometimes cut out what Kevin believes are the most important points to make the news fit. However, Kevin accepts these disadvantages because free publicity offers the advantage of
A. credibility. B. target market awareness. C. timeliness. D. accuracy. E. feasibility.
Arthur negligently stopped his car on the highway. Betty, who was driving along, saw Arthur's car in sufficient time to attempt to stop. However, Betty negligently put her foot on the accelerator instead of the brake and ran into Arthur's car. If Arthur sues Betty for damages:
A) Arthur's contributory negligence will prevent his recovery from Betty in all jurisdictions. B) Betty had the last clear chance to avoid the accident and will bear full legal responsibility for it. C) Arthur has assumed the risk of the accident. D) because both parties were negligent, in a state that follows the modified comparative negligence doctrine, both parties will share the liability for their injuries in proportion to their degree of fault unless the court finds Arthur's contributory negligence was as great as or greater than Betty's negligence.