Who Is Liable for a Section 11 Violation

question 130

Multiple Choice

Who is liable for a Section 11 violation?

• A)directors
• B)officers
• C)only directors who sign the registration statement
• D)both a and b
• E)none of the above

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Definitions:

Encourage Flexibility

The act of promoting adaptability and openness to change in thoughts, actions, or plans.

Informal Standard

A guideline or practice that is widely adopted or recognized but not officially sanctioned.

Norms

Informal standards of conduct that group members share and that guide member behavior.

Conduct

The manner in which a person behaves, especially in a particular place or situation.