Space Flight Inc

question 24

Multiple Choice

Space Flight Inc. files a registration statement with the SEC before making an offering to the general public. The registration contains false, immaterial statements of which the investors are unaware. The firm is charged with violating the Securities Act of 1933. Its best defense is

• A)the investors were not aware of the misrepresentations.
• B)the issuer reasonably believed the misstatements were true.
• C)the offering was made available to the general public.
• D)the untrue statements were not material.

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Definitions:

Particle Energy

The energy contained by a particle, contributed by its motion (kinetic), position (potential), or other properties.

Collision Theory

Collision theory explains how chemical reactions occur and why reaction rates differ for different reactions. It posits that for a reaction to occur, reactant particles must collide with sufficient energy and proper orientation.

Product Formation

The process in which chemical reactants transform into products in a chemical reaction.

Reactant Particles

Particles of substances that interact in a chemical reaction, leading to the formation of products.