Which of the Following Is $\underline{\text{not}}$ A Defense to False Information in the Registration Statement?
A)due

question 35

Multiple Choice

Which of the following is $\underline{\text{not}}$ a defense to false information in the registration statement?

• A)due diligence
• B)limited time as a director
• C)purchaser knew the information was false at the time of purchase
• D)None of the above is a defense.

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Definitions:

Prepaid Freight

Costs paid by a shipper in advance for shipment of goods, indicating that the sender bears the freight charges.

Cash Discount

A reduction in the invoice price offered to buyers as an incentive for early payment.

Wholesalers

Companies that sell merchandise to other businesses rather than to the public.

Credit Terms

Terms for payment on account by the buyer to the seller.