Under Section 11 of the Securities Act of 1933,a Defendant

question 48

Multiple Choice

Under Section 11 of the Securities Act of 1933,a defendant (other than the issuer) may establish a defense to liability if the defendant can prove that he/she acted:

• A)with due diligence.
• B)with scienter.
• C)without scienter.
• D)without due diligence.

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Definitions:

Medicare and Medicaid

U.S. government programs that provide health insurance to the elderly, disabled (Medicare) and individuals/families with low income (Medicaid).

Public Health Insurance

Government-provided insurance programs designed to offer health coverage to eligible individuals, aiming to improve accessibility and affordability.

Ration Health Care

The controlled distribution of scarce healthcare resources, where decisions are made regarding who gets what level of care based on various factors, often due to limitations in resources or funding.

Expanded Coverage

The extension of insurance or service benefits to include more conditions, individuals, or circumstances than originally covered.