An issuer is permitted to assert a due diligence defense against the imposition of Section 11 liability

A seller's broker receives and presents a purchase offer that is accepted by the seller. The seller then requests the broker give them the buyer's deposit check. The broker needs to:

a. first deposit the check into the broker's trust account before giving the deposit funds to the seller. b. write a counteroffer requesting the release of the deposit funds to the seller. c. obtain the written consent of the buyer before releasing the check to the seller. d. obtain written acknowledgement from the seller they have received the funds.

The work-related test takes into consideration the motivation of the agent when he commits an

intentional test. Indicate whether the statement is true or false