If a Lawyer Were Being Held Liable for a Misstatement

question 10

Multiple Choice

If a lawyer were being held liable for a misstatement in a registration statement, her defense(s) would be:

• A)she was only following directions.
• B)she had reasonable grounds to believe and did believe her information was true.
• C)she was not responsible for the portion that contained the misstatement.
• D)All of the above.
• E)Both (b) and (c) above are correct.

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Definitions:

Portfolio Planning

A strategic approach in which investments or projects are selected and managed as a portfolio, considering the balance of risk and reward to achieve overall objectives.

Investments

The act of allocating resources, usually money, with the expectation of generating an income or profit.

SWOT Analysis

A strategic planning tool used to identify and understand an organization’s Strengths, Weaknesses, Opportunities, and Threats.

Substitute Products

Products that serve as alternatives to each other; when the price of one increases, the demand for the alternative typically increases.