Examlex
Under which of the following acts is a closed shop held to be illegal?
Scienter
A legal term that refers to the knowledge of the wrongful nature of one's actions, especially in fraud cases.
Rule 10b-5
A regulation under the Securities Exchange Act of 1934 that prohibits fraud, misrepresentation, and deceit in the trading of securities.
Civilly Liable
A term referring to the responsibility of a person to compensate for losses or damages caused by their actions in a civil lawsuit.
Potential Liability
Potential liability refers to the possibility that a person or entity may be held legally responsible for actions or consequences in the future.
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