If a Registration Statement Contains a Material Misstatement or Omission

question 42

Multiple Choice

If a registration statement contains a material misstatement or omission

• A)the company is liable and has no defense.
• B)anyone other than the company who signed the statement is liable and has no defense.
• C)all experts are liable and have no defense.
• D)the company is liable unless it can show due diligence.

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Definitions:

Future Earthquakes

Predictions or assessments regarding the occurrence, magnitude, and impact of earthquakes that have not yet happened.

Seismic Wave

Elastic waves produced by earthquakes or generated artificially.

Refracted

The bending of a wave, such as light or sound, as it passes from one medium to another at an angle.

Steeper Angle

A measure of the sharp increase in slope or inclination.