To Be Successful in a Civil Action Under Section 11

question 47

Multiple Choice

To be successful in a civil action under Section 11 of the Securities Act of 1933 concerning liability for a misleading registration statement, the plaintiff must prove:

• A)the plaintiff's reliance on the registration statement and the defendant's intent to deceive.
• B)neither the plaintiff's reliance on the registration statement nor the defendant's intent to deceive.
• C)the plaintiff's reliance on the registration statement but not the defendant's intent to deceive.
• D)the defendant's intent to deceive but not the plaintiff's reliance on the registration statement.

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Definitions:

Canada Customs

The federal agency responsible for regulating goods that enter or leave Canada, ensuring compliance with customs regulations.

Tokyo Stock Exchange

The primary stock exchange in Japan, one of the largest in the world by market capitalization, where stocks of publicly held companies are issued and traded.

Exchange Rate

The conversion rate of one currency to another.

Weakens

Becomes less strong or potent; in economic terms, can refer to a currency's decrease in value relative to others.