The Due Diligence Defense Is Applicable to Actions Filed Under

question 18

Multiple Choice

The due diligence defense is applicable to actions filed under:

• A) Section 11 of the Securities Act of 1933
• B) Section 10(b) of the Securities Exchange Act of 1934
• C) Both A and B
• D) Neither A nor B

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Definitions:

ITQs

Individual Transferable Quotas; regulatory tools used in fisheries management to control the total amount of fish that can be caught by allocating specific allowances to fishermen or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, known for its red flesh and high commercial value.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Environmental Quality

The condition or state of the environment based on various factors such as air and water purity, and the presence of pollutants or contaminants.