Matty Is an Employee of ValCom but Doe Not Own

question 11

Multiple Choice

Matty is an employee of ValCom but doe not own any ValCom stock.At her five year employment anniversary, she decides to buy 50 shares of a new issue of company stock as a savings plan and afterward receives the signed registration statement.  Because of her employment at ValCom, she recognizes that the statement contains an untrue material fact.Can she sue the auditor?

• A) Yes, under Section 11, proof of reliance is usually not required.
• B) Yes, if she can prove she would not have bought the stock otherwise.
• C) No, because there is no privity between Matty and the auditor.
• D) No, because she did not rely on the statement.

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Definitions:

Suicide Attempt

The act of intentionally causing harm to oneself with the intent to end one's life, but not resulting in death.

Dangerous Items

Objects that pose a risk of harm or injury to people or property if not handled or stored properly.

Patient Assessment

The systematic collection and analysis of patient-specific data necessary to plan, implement, and evaluate appropriate healthcare.

Health History

A comprehensive record of a patient's personal health and medical background, including past illnesses, surgeries, and family medical history.