Examlex
After observing that fish live in clean water but not in polluted water, researchers state that "polluted water kills fish." Scientifically, this statement is an example of a(n)
Common Law Fraud
A deceptive practice that involves making false representations of fact with the intention of inducing someone to part with something of value or to surrender a legal right.
Privity of Contract
Privity of contract is a legal principle that restricts the rights or duties under a contract to the parties who originally agreed to it, preventing third parties from enforcing the contract terms.
Financial Statement
A formal record of the financial activities and position of a business, individual, or other entity, presented in a structured manner.
Section 11
A provision in the 1933 Securities Act that holds issuers liable for registration statement misrepresentations or omissions of material facts to investors.
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