There Are No Exceptions to the Rule That Any Duty

question 14

True/False

There are no exceptions to the rule that any duty can be delegated.

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Definitions:

Securities Act of 1933

A U.S. law enacted to ensure greater transparency in financial statements and to reduce fraud and manipulation in the securities markets.

Prospectus

A formal legal document that provides details about an investment offering for sale to the public, often containing data about the company's operations, financial condition, and management.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

CFA Institute Standards

Ethical and professional guidelines set by the CFA Institute that provide a framework for the conduct of investment professionals.