Under Section 11 of the Securities Act of 1933,a Defendant

question 48

Multiple Choice

Under Section 11 of the Securities Act of 1933,a defendant (other than the issuer) may establish a defense to liability if the defendant can prove that he/she acted:

• A)with due diligence.
• B)with scienter.
• C)without scienter.
• D)without due diligence.

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Definitions:

Capital

The financial resources that individuals or businesses use to fund their operations and invest in their ventures.

Common Shareholders

Individuals or entities that own common shares in a corporation, holding rights to dividends and voting in company affairs.

Business Strategies

Plans of action aimed at achieving specific organizational goals and competitive advantage.

Economic Differences

Variations in economic conditions among regions or countries, affecting factors like inflation, currency strength, and purchasing power.