An Institution That Is Recognized and Accepted as Right and Proper

question 9

Multiple Choice

An institution that is recognized and accepted as right and proper by the public is seen as

• A) sovereign.
• B) legitimate.
• C) rational.
• D) despotic.

---

Definitions:

Securities Act of 1934

A U.S. law governing the secondary trading of securities (stocks, bonds, and debentures) to protect investors against misinformation, fraud, and manipulation.

Civil Liability

Legal responsibility that requires an individual or entity to compensate for harm or damage they have caused to another person or property.

Antifraud Requirements

Legal measures designed to prevent fraud, especially in commercial transactions and financial reporting.

Annuity Contracts

Financial products sold by insurance companies that provide a fixed or variable payment to an individual at regular intervals, typically for retirement.