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    Smith and Robersons Business Law
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    Exam 43: Securities Regulation
  5. Question
    A Defense to an Action Based on Untrue Statements Contained
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A Defense to an Action Based on Untrue Statements Contained

Question 47

Question 47

Multiple Choice

A defense to an action based on untrue statements contained in a registration statement is:


A) innocent mistake.
B) due diligence.
C) constructive disclosure.
D) reasonable diligence.

Correct Answer:

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