Which of the Following Is True Regarding What a Plaintiff

question 22

Multiple Choice

Which of the following is true regarding what a plaintiff must do in order to recover damages under the Securities Act of 1933 after purchasing a security covered by a registration statement containing false information or missing information?

• A)A plaintiff must prove reliance on the registration statement.
• B)The plaintiff must establish reliance on the financial statement,privity with the accountant,and also that the securities were purchased in an initial public offering.
• C)A plaintiff must prove privity with the accountant at issue.
• D)The plaintiff does not have to prove reliance on the financial statement nor must the plaintiff prove contractual privity.
• E)The plaintiff must establish reliance and privity.

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Definitions:

Adolescent Friendships

Relationships between teenagers that play a critical role in their emotional and social development, often characterized by deep bonds, emotional support, and identity formation.

Interdependence

A mutual reliance among members of a group or system, where the actions of each individual can affect the whole.

Close Relationships

Emotional bonds between individuals characterized by affection, trust, and mutual support.

Reciprocity

A social principle where interactions are based on mutual exchange, influencing the dynamics of social relationships and transactions.