Examlex
Each of the following responsibility centers and decision rights are correctly matched,except:
Material Omissions
Failures to include important information in a document or communication, which can significantly alter the understanding of the situation.
Due Diligence
The investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or transaction with another party.
Willful Violations
Deliberate or intentional breaches of the law or regulations, often implying awareness of the illegal nature of the act.
Securities Act of 1933
United States federal law enacted to regulate the sale of securities, requiring disclosure and registration of significant information.
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