Fact Pattern 42-1A (Questions A6-A7 Apply)

question 24

Multiple Choice

Fact Pattern 42-1A (Questions A6-A7 apply)
Fresh Fruits & Veggies,Inc.,wants to make an initial public offering of securi?ties.Fresh believes that it qualifies for an exemption under Regulation A from the full registration requirement of the federal Securities Act of 1933.
-Refer to Fact Pattern 42-1A.If Fresh is exempt from the federal registration requirement,Fresh is

• A)automatically exempt from any state registration requirement.
• B)not subject to any state securities laws.
• C)not necessarily exempt under a state registration requirement.
• D)automatically subject to all state registration requirements.

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Definitions:

Dog Running Free

The act of a dog moving freely in a public or private space without being restrained by a leash or confined area.

Res Ipsa Loquitur

is a legal doctrine that allows for the assumption of negligence in cases where the accident that occurred is of a type that usually doesn't happen without negligence.

Plaintiff

The party who initiates a lawsuit before a court against another party, known as the defendant.

Elements of Negligence

Refers to the essential components required to establish negligence in a legal context, typically including duty, breach, causation, and damages.