Parties Who Are Involved with or Who Promote the Initial

question 81

Essay

Parties who are involved with or who promote the initial sale of securities fall into one or more of four roles.Mention these roles.

---

Definitions:

Fraudulent

Involving deceit, trickery, or breach of confidence, intended to gain an unfair or unlawful advantage.

Tort Of Deceit

A legal wrong involving the intentional misrepresentation of fact, with the aim of making someone rely on it to their detriment.

Non Est Factum

“It is not my act”—grounds for a court to declare a contract void because a party is unaware of the nature of the contract.

Misrepresentation

A false statement of fact that induces someone into entering a contract.