Which of the following can engage in entrepreneurial activities?

One of the elements necessary to recover damages if there has been a material misstatement in a registration statement filed under the Securities Act of 1933 is that the

A. Issuer and plaintiff were in privity of contract with each other. B. Issuer failed to exercise due care in connection with the sale of the securities. C. Plaintiff gave value for the security. D. Plaintiff suffered a loss.

The U.S. Supreme Court is the ________

A) court of last resort B) court of initial resort C) trial court D) intermediate appellate court