To Be Successful in a Civil Action Under Section 11

question 22

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 which of the following?

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

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Definitions:

Bipolar

A disorder characterized by episodes of mood swings ranging from depressive lows to manic highs.

Personality Theory

A branch of psychology that attempts to explain patterns of thoughts, feelings, and behaviors that make a person unique, through various theoretical perspectives.

Organizational Corollary

A principle related to how individuals structure and organize their perceptions and cognitions in a complex environment.

Commonality Corollary

A principle that suggests individuals have common traits or experiences that link them together.