Which of the Following Was the Result in EBC I,Inc

question 58

Multiple Choice

Which of the following was the result in EBC I,Inc.v.Goldman,Sachs,& Co.,the case in the text in which it was claimed that Goldman Sachs breached a fiduciary duty in acting as an underwriter and in providing advice to eToys,the plaintiff's predecessor,in regard to an initial public offering of stock?

• A) The court dismissed the case on the basis that Goldman Sachs as an underwriter could not be considered a fiduciary based on its role in the transactions at issue.
• B) The court refused to order a dismissal of the plaintiff's claim and found that Goldman Sachs' failure to disclose a material conflict of interest established a claim for breach of fiduciary duty.
• C) The court dismissed the case because Goldman Sachs had every right to make a profit out of the transaction so long as no actual misrepresentations were made to the plaintiffs.
• D) The court refused to order a dismissal of the plaintiff's claim and found that Goldman Sachs' could be held liable based on material misrepresentations made to the plaintiffs regarding the value of the stock involved in the initial public offering.

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Definitions:

Photorespiration

A process in plant metabolism where the enzyme RuBisCO oxygenates RuBP, leading to a decrease in photosynthetic efficiency and carbon fixation.

Stomata

Small openings found on the underside of plant leaves that enable gas exchange and transpiration.

Cellular Respiration

A metabolic process in cells where nutrients are converted into energy in the form of ATP, using oxygen and releasing carbon dioxide.

Photosynthesis

The process by which green plants, algae, and certain bacteria transform light energy into chemical energy, producing oxygen and glucose from carbon dioxide and water.