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:

Aggregate Demand

The total demand for all goods and services within a particular economy at a given overall price level and in a given period.

Aggregate Supply

The total output of goods and services that producers in an economy are willing and able to supply at a given overall price level in a specified time period.

Price Levels

The midpoint of prices for every type of good and service produced economically.

Cost-Pull Inflation

Inflation caused by an increase in prices of inputs like labour, raw material, etc., leading to a decrease in the supply of these goods.