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Why Were the Securities Acts Passed,given That Ordinary Contract Law

question 14

Essay

Why were the Securities Acts passed,given that ordinary contract law provides many remedies for persons who have been the victim of fraud,and other such crimes?


Definitions:

Social Relation

The interaction between two or more individuals, influencing each other's behaviors and actions within society.

Information Power

The capability to influence others' behavior or decision-making process due to possessing specific knowledge or expertise.

Referent Power

A type of influence based on the charisma or likability of the leader, leading others to identify with them.

Desired Rewards

The benefits or compensations that individuals aim to receive in response to their actions or achievements.

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