Bud approves on behalf of Cody—but without authorization—a contract with Dik to build a new silo. Cody does not ratify the contract. Later, Dik tries to enforce the deal. This attempt will be

Which of the following circumstances is a defense to an accountant's liability under Section 11 of the Securities Act of 1933 for misstatements and omissions of material facts contained in a registration statement?

A. The absence of scienter on the part of the accountant. B. The absence of privity between purchasers and the accountant. C. Due diligence on the part of the accountant. D. Nonreliance by purchasers on the misstatements.

The more similar two competitors are from a customer perspective, the more likely customers are to switch from one to the other

Indicate whether the statement is true or false