Which of the following is true regarding the state of mind needed in order to find a violation of Section 16(b) involving short-swing trading?
a. Liability is imposed under Section 16(b) regardless of the insider's state of mind.
b. Intent to violate the securities laws must be found in order for there to be a violation of Section 16(b).
c. A trader must at least act without caution in order to be found liable for violating Section 16(b).
d. A trader must at least act negligently in order to be found liable for violating Section 16(b).
a
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Recasto owns a second residence that is used for both personal and rental purposes. During 2017, Recasto used the second residence for 50 days and rented the residence to Louis for 200 days. Which of the following statements is true?
a. Depreciation may not be deducted on the property under any circumstances. b. A rental loss may be deducted if rental-related expenses exceed rental income c. Utilities and maintenance on the property must be divided between personal and rental use. d. All mortgage interest and taxes on the property will be deducted to determine the property's net income or loss.
When you strongly agree with valid criticism, you use this response technique
A) negative assertion B) negative inquiry C) fogging D) positive assertion