Section 11 of the Securities Act of 1933 Imposes Liability

question 15

Multiple Choice

Section 11 of the Securities Act of 1933 imposes liability on:

• A) the issuer.
• B) all persons who signed the registration statement.
• C) every director or partner, and all underwriters.
• D) All of these.

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Definitions:

Xylem

Tissue in plants responsible for the transport of water and nutrients from the roots to the leaves and stems.

Cell Layer

A single or multiple layers of cells forming a barrier or a structured component in an organism.

Secondary Xylem

The part of a plant's xylem that is produced after the first growth season, providing additional support and water transport.

Sieve Tube Elements

Specialized cells in phloem of vascular plants, forming channels for transporting sugars and other nutrients.