Which of the Following Statements Is NOT True

question 82

Multiple Choice

Which of the following statements is NOT true?

• A) Private placement occurs when a firm sells unregistered securities directly to investors such as insurance companies, commercial banks, or wealthy individuals.
• B) In private placements, there are no restrictions on the resale of the securities.
• C) About half of all corporate debt is sold through the private placement market.
• D) Investment banks and money center banks often assist firms with private placements.

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Definitions:

Philip Morris USA v. Williams

A landmark U.S. Supreme Court case that significantly impacted punitive damages in cases of personal harm, focusing on a punitive damages award against a tobacco company.

Tort

is a legal wrong causing harm or injury to someone, which can be redressed by suing for damages in a civil court.

Book Publisher

An entity or individual that manages the process of producing and distributing books, including editing, marketing, and selling.

Malicious Prosecution

The pursuit of a legal action with malintent and without probable cause, causing damage to the person being prosecuted.