Examlex
Morgan buys a male python from a snake dealer who tells him that the snake carries the albino allele. Morgan mates the snake with an albino female and 4 normally pigmented offspring are produced. Morgan rushes back to the snake dealer and demands his money back stating that the male he bought is not heterozygous for the albino allele because all of its offspring had normal pigmentation.
Recklessly
Acting with disregard for the safety or consequences of one's actions, often leading to potential harm or risk.
Section 12(a)(2)
A provision under the Securities Act of 1933 that provides a remedy for investors who have been sold securities by means of a prospectus or oral communication containing a material misstatement or omission.
Securities Act of 1933
A U.S. federal law enacted to require transparency in financial statements so investors can make informed decisions regarding securities investments; it also introduced regulations to prevent fraud.
Public Distribution
The system of distributing goods and services to the public through government channels, often at subsidized rates.
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