Which of the Following Statements Is True About Blue-Sky Laws

question 30

Multiple Choice

Which of the following statements is true about blue-sky laws?

• A) They are state laws that provide penalties for fraudulent sales and permit the issuance of injunctions to protect investors from anticipated fraudulent acts.
• B) They are state laws that give investors the information they need to make intelligent decisions about whether to purchase securities.
• C) They provide civil penalties for selling fraudulent securities and conducting fraudulent transactions.
• D) They give the bidder and the target company equal opportunities to present their cases to the shareholders.

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Definitions:

Hockey

A team sport played on ice or a field, where players use sticks to hit a puck or ball into the opponent’s goal.

Zamboni

A brand of ice resurfacer used to clean and smooth the surface of an ice rink.

Fans

Supporters or admirers of a particular person, team, or form of entertainment.

Vacuums

Devices that use suction to remove dirt and dust, typically from floors and other surfaces.