Which of the Following Statements Is True of Creating Liabilities

question 76

Multiple Choice

Which of the following statements is true of creating liabilities under Section 18?

• A) There is a liability under section 18 for simple negligence.
• B) The plaintiff in a Section 18 case must prove reliance on the false or misleading filing of documents.
• C) Inaccuracy of filing is sufficient to impose liability under Section 18.
• D) The defendant's good faith is considered a defense under Section 18.
• E) Freedom from fraud is an invalid defense under an action based on Section 18.

---

Definitions:

Manuscript Format

A specific style guide for the preparation of documents and manuscripts for publication.

Inventory Specialist

A professional responsible for managing and overseeing the goods or merchandise available in a company's inventory, ensuring accuracy and optimal stock levels.

Year-end Report

A summary of an organization's financial and operational performance at the end of a fiscal year.

Merchandise

Goods that are bought and sold in any business activity.