Section 18(a) of the Securities Act of 1934

question 31

Multiple Choice

Section 18(a) of the Securities Act of 1934:

• A) requires that the plaintiff prove reliance.
• B) makes an accountant liable for accidental mistakes in the audit.
• C) is not triggered by reliance.
• D) requires the accountant to prove that he exercised due diligence.

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Definitions:

Legalized Slavery

The condition where slavery is allowed and regulated by law, historically practiced in many parts of the world, including the United States until the 19th century.

Mexican Nationals

Refers to citizens of Mexico, whether living in Mexico or abroad, recognized legally by the Mexican government.

Temporary Worker

An individual employed on a non-permanent basis, often for a specified period or for the duration of a particular project.

Jewish Shopkeepers

Refers to Jewish individuals who own or operate retail businesses, a characterization that touches on both ethnic identity and occupational association.