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Fact Pattern 31-3 Dhani, an Accountant for Eureka, Inc., Learns of Undisclosed Company

question 63

Multiple Choice

Fact Pattern 31-3
Dhani, an accountant for Eureka, Inc., learns of undisclosed company plans to market a new laptop. Dhani buys 1,000 shares of Eureka stock. He reveals the company plans to Fay, who buys 500 shares. Fay tells Geoff, who tells Hu. Both Geoff and Hu buy 100 shares. They know that Fay got her information from Dhani. When Eureka publicly announces its new laptop, Dhani, Fay, Geoff, and Hu sell their stock for a profit.
-Refer to Fact Pattern 31-3. If Dhani is liable under the Securities Exchange Act of 1934, it will be because the information on which he based his purchase of Eureka stock was

Understand the sources of contract law and recognize different types of contracts and agreements.

Grasp the purpose and enforceability of quasi-contracts and the principle of preventing unjust enrichment.

Identify and understand specific contractual arrangements and their legal implications, such as the muta'a marriage contract.

Differentiate between formal and informal (simple) contracts.

Definitions:

Interviewing Adolescent

The process of formally questioning teenagers, often to assess their development, thoughts, or feelings in a sensitive manner that respects their emerging autonomy.

Medical Terminology

The specialized language or system of terms used by health professionals to accurately describe the human body, its processes, illnesses, medical procedures, and pharmacology.

Communication Technique

Methods and strategies used to convey information or express thoughts and feelings effectively.

Using Clichés

The habit of regularly using phrases or expressions that are overused and lack originality in communication.