To Prove His/her Due Diligence Defense Under Securities Act Section

question 31

Multiple Choice

To prove his/her due diligence defense under Securities Act Section 11 with regard to audited financial statements,an officer of the issuer must prove which of the following?

• A)The officer made a reasonable investigation into the accuracy of the audited financial statements.
• B)The officer believed the financial statements did not omit or misstate a material fact.
• C)The officer had no intent to misstate or omit a material fact in the audited financial statements.
• D)The officer had no reason to believe the financial statements omitted or misstated a material fact.

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Definitions:

School Accidents

Unintended and unplanned incidents that occur within school premises or during school activities, potentially resulting in injury.

Growth Spurt Sequence

The order in which rapid growth and development occurs in different parts of the body during puberty.

Growth Spurt

A rapid increase in height and weight, typically occurring during puberty.