Which of the Following Is True About Section 11 of the 1933

question 44

Multiple Choice

Which of the following is true about Section 11 of the 1933 Act?

• A) To prove liability, a purchaser only has to prove that the defendant is in one of the three classes of persons liable under Section 11.
• B) Directors who are not signers are not liable for false information after purchase of the security.
• C) Under Section 11, the purchaser has the burden of proving that he or she exercised due diligence.
• D) The defendant can escape liability if the purchaser did not read the registration statement.

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A mental health disorder characterized by excessive fear, worry, or unease that can interfere with daily activities.

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Adolescent individuals who are characterized by producing high volumes of noise, often perceived as disruptive or boisterous.