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Jim Borrowed Sally's Car to Get to Class When His

question 24

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Jim borrowed Sally's car to get to class when his car did not start.After attending the class,he uses the car to visit his grandmother.While on his way,he enters an intersection when the light is just turning from yellow to red and meets with an accident.What is the Jim's legal position regarding the car?


Definitions:

Securities Exchange Act

A U.S. law governing the trading of securities, aimed at protecting investors through transparency and fairness.

Securities Exchange Act

A U.S. law governing the trading of securities (stocks, bonds, and securities futures) to protect investors against manipulation.

Insider Trading

The unauthorized use of secret information for making profitable trades on the stock market to benefit oneself.

Exemption From Registration

A situation where a party is relieved from the requirement to register information or activities with a governmental or regulatory authority.

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