Marion,along with Several Others,lost Substantial Funds Through an Investment Based

question 38

Multiple Choice

Marion,along with several others,lost substantial funds through an investment based on misrepresentations stated in a secondary market disclosure their broker recommended.The disgruntled group's lawyer advised that recent amendments to provincial securities legislation now provide a meaningful civil remedy and facilitate class actions.Which of the following exemplifies the type of amendment made to achieve these goals?

• A) establishing reliance on the defendant's investment misrepresentations
• B) removing the issue of proof of a class action group's reliance on the disclosure
• C) removing proof of reliance and substituting deemed reliance by the investors
• D) pursuing a statutory cause of action for negligent misrepresentations

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Definitions:

Market Revolution

A period during the 19th century in the United States characterized by a shift from subsistence farming and artisanal crafts to industrial manufacturing and commercial agriculture.

Freedom and Slavery

A dichotomy highlighting the ideological, social, and political contrasts between the concepts of freedom and the institutional practices of slavery.

Lincoln-Douglas Debates

A series of seven debates in 1858 between Abraham Lincoln and Stephen A. Douglas, focusing largely on the issue of slavery and its expansion into American territories.

American Political History

The study and analysis of political events, ideas, movements, and leaders throughout the history of the United States.