To Be Successful in a Civil Action Under Section 11

question 60

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) Defendant's intent to deceive: yes;Plaintiff's reliance on the registration statement: yes.
• B) Defendant's intent to deceive: yes;Plaintiff's reliance on the registration statement: no.
• C) Defendant's intent to deceive: no;Plaintiff's reliance on the registration statement: yes.
• D) Defendant's intent to deceive: no;Plaintiff's reliance on the registration statement: no.

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Definitions:

Audience's Feelings

The emotions or sentiments experienced by viewers, readers, or listeners in response to a message, performance, or event.

Logical Appeal

A method of persuasion that uses evidence and reasoning to convince an audience of a particular point of view or action.

Human Reason

The capacity of the human mind to analyze, create, deduce, and understand logical connections and facts.

Mobile App

A software application designed to run on mobile devices, created for a variety of purposes from entertainment to business.