Insiders Would Violate the Short-Swing Profits Rule (Rule 16b) of the 1934

question 59

True/False

Insiders would violate the short-swing profits rule (Rule 16b) of the 1934 Act by buying stock on January 1 and selling on May 1.

Distinguish between gratuitous promises and enforceable contracts.

Identify and explain the concept of estoppel and its application in legal disputes.

Recognize the significance of past consideration and its impact on contract enforceability.

Evaluate the role of quantum meruit in compensation for services rendered without a formal contract.

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