Which of the Following May Be Sued Under Section 11

question 56

Multiple Choice

Which of the following may be sued under Section 11 of the Securities Act of 1933,which provides a remedy for a person who purchases a security pursuant to a misleading registration statement?

• A) The underwriters.
• B) Persons who gave their consent to be named in the registration statement as future directors.
• C) Both underwriters and persons who gave their consent to be named in the registration statement as future directors.
• D) Any officer as well as underwriters and persons who gave their consent to be named in the registration statement as future directors..

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Definitions:

Null Hypothesis

A default hypothesis that there is no significant difference or effect, often tested against an alternative hypothesis in statistical analysis.

Unrelated Phenomena

Events or occurrences that have no direct connection or influence on each other.

Scientific Reasoning

The process of using logical and empirical methods to formulate, test, and modify hypotheses and theories about the natural world.