The Due Diligence Defense Generally Requires the Defendant to Show

question 44

True/False

The due diligence defense generally requires the defendant to show that he had reasonable grounds to believe and did believe that there were no untrue statements or material omissions.

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Definitions:

Reduced

Reduced typically refers to a chemical reaction in which atoms gain electrons, or in a broader sense, the diminishment in size, amount, or intensity of something.

Acid

Substances that release hydrogen ions (H+) when dissolved in water, characterized by their sour taste and the ability to turn litmus paper red.

Oxidized

The state of a molecule that has lost electrons, often associated with a gain of oxygen or loss of hydrogen.

Reduced

In chemistry, it refers to the gain of electrons by a molecule, atom, or ion.