The Effect of Section 11 of the Securities Act of 1933

question 101

True/False

The effect of section 11 of the Securities Act of 1933 is to shift the major burden of proof from auditors to the plaintiff.

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Definitions:

Encroachment

The act of gradually and illegally taking over or intruding on the rights, property, or territory of another, often leading to disputes.

People's Rights

The fundamental rights and freedoms that individuals are entitled to, typically protected by law, including freedom of speech, right to privacy, and right to equal treatment.

Ethnic Diversity

refers to the inclusion and representation of multiple ethnic groups and cultures within a society or organization.

British North America

The territories under British control in North America before achieving independence, including the original thirteen colonies.