In Latta V

question 397

True/False

In Latta v. Rainey the courts held that while the investment sold by Rainey was a money loser, he did not engage in misrepresentation so could not be liable for losses.

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Definitions:

Fact Finding

The process of gathering, analyzing, and reporting on data and facts, often conducted to inform decision-making or resolve disputes.

Substantial Evidence

Refers to evidence that a reasonable mind could accept as adequate to support a conclusion. It is defined as “more than a scintilla but less than preponderance” and consists of “such relevant evidence as a reasonable person would accept as adequate to support a conclusion.”

Upheld in Court

Upheld in court refers to a court's decision to confirm or support a previous ruling or judgment, maintaining its validity and enforcement.

Proposed Agency Rules

Preliminary regulations put forward by a government agency for review, comment, and eventual implementation to guide operations or ensure compliance.