Which of the following is true of Section 11 of the Securities Act of 1933?
A) It permits injured private parties to bring criminal action against fraudulent registration statements filed by issuers.
B) It imposes liability on those who are negligent in not discovering the fraud.
C) It allows an issuer to assert a due diligence defense against the imposition of Section 11 liability.
D) It cannot be imposed on cases involving negligent omission of a material fact in a registration statement.
B
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The major disadvantage of a sole proprietorship is:
A) The difficulty in transferring ownership to others. B) The unlimited liability for the business's debts. C) The sharing of management authority with others. D) The difficulty and cost of formation.
One of the factors impacting the risks of investments is the time period you have available to keep your money invested
Indicate whether the statement is true or false.