Homework Answers
Q 1:-
Answer : True.
To recover damages in a private cause of action under Securities Act of 1934 ("1934 Act"),2 a plaintiff must plead and prove "loss causation".
Q 2:-
Answer : True.
Section 18(a) of the 1934 act explicitly imposes liability on the auditor shall prove that he acted in good faith while doing the audit.
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The plaintiff needs to prove causation to recover under the 1934 Act. True False 1 p...
c. Which is the true statement conce O 1. The Securities Act of 1933 broadened the...
c. Which is the true statement conce O 1. The Securities Act of 1933 broadened the auditor's liability relafive to common law and the Securities Exchange Act of 1934 narrowed t O 2. Criminal liability only arises under state law O 3. The auditor may limit exposure to liability by destroying documents that might suggest an improper act O 4. The auditor has a greater burden of defense under the Securities Act of 1933 than the Securities Exchange Act of...
1. Which of the following is false regarding common and federal securities laws? a. The securities...
1. Which of the following is false regarding common and federal securities laws? a. The securities act of 1933 deals only with the reporting requirements for companies issuing new securities. b. -Rule 10-5b of the securities exchange act of 1934 is also known as the antifraud provision. C. -Ultramares doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contracts. d. A scienter is a specialist used in Rule 10-5b investigations....
1. Which of the following is false regarding common and federal securities laws? a. The securities...
1. Which of the following is false regarding common and federal securities laws? a. The securities act of 1933 deals only with the reporting requirements for companies issuing new securities. b. -Rule 10-5b of the securities exchange act of 1934 is also known as the antifraud provision. C. -Ultramares doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contracts. d. A scienter is a specialist used in Rule 10-5b investigations....
SECTION 1: TRUE/FALSE, CHOOSE YOUR ANSWER BY CIRCLING 1. 2. In negligence, the tour elements of...
SECTION 1: TRUE/FALSE, CHOOSE YOUR ANSWER BY CIRCLING 1. 2. In negligence, the tour elements of negligenoe that need to be proved by a plaintif are 3. In all defamation of character cases, one of the elements that the Plaintiff must prove is that the 4. A party can be liable for defamation for truthful statements if the statement hurts the plainei's 5. Tort law is concerned with compensation to a person who has suffered personal injury andior 6. The...
Under the Americans with Disabilities Act (ADA), an employer may not use qualification standards, tests, or...
Under the Americans with Disabilities Act (ADA), an employer may not use qualification standards, tests, or selection criteria that screen out disabled workers. True False QUESTION 14 Under the Civil Rights Act of 1991, a. only victims of racial discrimination can recover compensatory and punitive damages for intentional discrimination. Ob victims of disability discrimination have no remedy, but must seek redress under disability law. c. victims of disparate impact sex discrimination can recover punitive damages. Od. victims of intentional religious...
PART 1: A) True and false questions, 20 points. For each statement indicate if the statement...
PART 1: A) True and false questions, 20 points. For each statement indicate if the statement is correct (T) or false (F),USE THE LEFT SIDE FOR YOUR ANSEWRS. 1) Professional skepticism must be maintained only if the auditor suspects fraud. 2) The term "audit failure" refers to the situation when the auditor has followed auditing standards yet still fails to discover that the client's financial statements are materially misstated. 3) The best defense an auditor can have in litigation against...
Please try to answer all questions. Which of the following is false with regards to audit...
Please try to answer all questions.
Which of the following is false with regards to audit responsibility? The auditor of a public company is required to certify the annual financial statements. Auditing standards make no distinction between error or fraud; in either case, the auditor must obtain reasonable assuran misstatement. The auditor's responsibility for illegal acts is the same as for errors and fraud. Reasonable assurance is a high, but not absolute, level of assurance. -> Moving to the next...
1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for...
1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for allegedly breaching a sales or lease contract is 4 years. 2. (TRUE (FALSE). The seller in a contract for the sale of goods is never allowed to withhold delivery of the good, even when buyer breaches the contract prior to the good being delivered. 3. When the buyer breaches a contract for the sale of goods and the seller elects to resell the goods...
1 to 12 please sorry did not know that but does someone still answer my questions?...
1 to 12 please
sorry did not know that but does someone still answer my
questions?
USE ANSWER SHEET PROVIDED ONLY NO EXAM WILL BE GRADED WITHOUT LAST 4 DIGITS OF STUDENT SS# AND SECTION NUMBER ON ANSWER SHEET TRUE/FALSE QUESTIONS (Please indicate whether the sentence or statement is true or false.) 1 Tort law is primarily state law. 2. Consent, if proven, is a defense to battery. 3. Subjective opinions are subject to an action for defamation in the...
1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for...
1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for allegedly breaching a sales or lease contract is 4 years. 2. (TRUE FALSE). The seller in a contract for the sale of goods is never allowed to withhold delivery of the good, even when buyer breaches the contract prior to the good being delivered. 3. When the buyer breaches a contract for the sale of goods and the seller elects to resell the goods...
c. Which is the true statement conce O 1. The Securities Act of 1933 broadened the auditor's liability relafive to common law and the Securities Exchange Act of 1934 narrowed t O 2. Criminal liability only arises under state law O 3. The auditor may limit exposure to liability by destroying documents that might suggest an improper act O 4. The auditor has a greater burden of defense under the Securities Act of 1933 than the Securities Exchange Act of...
1. Which of the following is false regarding common and federal securities laws? a. The securities act of 1933 deals only with the reporting requirements for companies issuing new securities. b. -Rule 10-5b of the securities exchange act of 1934 is also known as the antifraud provision. C. -Ultramares doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contracts. d. A scienter is a specialist used in Rule 10-5b investigations....
1. Which of the following is false regarding common and federal securities laws? a. The securities act of 1933 deals only with the reporting requirements for companies issuing new securities. b. -Rule 10-5b of the securities exchange act of 1934 is also known as the antifraud provision. C. -Ultramares doctrine states that ordinary negligence is insufficient for liability to third parties because of the lack of privity of contracts. d. A scienter is a specialist used in Rule 10-5b investigations....
SECTION 1: TRUE/FALSE, CHOOSE YOUR ANSWER BY CIRCLING 1. 2. In negligence, the tour elements of negligenoe that need to be proved by a plaintif are 3. In all defamation of character cases, one of the elements that the Plaintiff must prove is that the 4. A party can be liable for defamation for truthful statements if the statement hurts the plainei's 5. Tort law is concerned with compensation to a person who has suffered personal injury andior 6. The...
Under the Americans with Disabilities Act (ADA), an employer may not use qualification standards, tests, or selection criteria that screen out disabled workers. True False QUESTION 14 Under the Civil Rights Act of 1991, a. only victims of racial discrimination can recover compensatory and punitive damages for intentional discrimination. Ob victims of disability discrimination have no remedy, but must seek redress under disability law. c. victims of disparate impact sex discrimination can recover punitive damages. Od. victims of intentional religious...
PART 1: A) True and false questions, 20 points. For each statement indicate if the statement is correct (T) or false (F),USE THE LEFT SIDE FOR YOUR ANSEWRS. 1) Professional skepticism must be maintained only if the auditor suspects fraud. 2) The term "audit failure" refers to the situation when the auditor has followed auditing standards yet still fails to discover that the client's financial statements are materially misstated. 3) The best defense an auditor can have in litigation against...
Please try to answer all questions.
Which of the following is false with regards to audit responsibility? The auditor of a public company is required to certify the annual financial statements. Auditing standards make no distinction between error or fraud; in either case, the auditor must obtain reasonable assuran misstatement. The auditor's responsibility for illegal acts is the same as for errors and fraud. Reasonable assurance is a high, but not absolute, level of assurance. -> Moving to the next...
1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for allegedly breaching a sales or lease contract is 4 years. 2. (TRUE (FALSE). The seller in a contract for the sale of goods is never allowed to withhold delivery of the good, even when buyer breaches the contract prior to the good being delivered. 3. When the buyer breaches a contract for the sale of goods and the seller elects to resell the goods...
1 to 12 please
sorry did not know that but does someone still answer my
questions?
USE ANSWER SHEET PROVIDED ONLY NO EXAM WILL BE GRADED WITHOUT LAST 4 DIGITS OF STUDENT SS# AND SECTION NUMBER ON ANSWER SHEET TRUE/FALSE QUESTIONS (Please indicate whether the sentence or statement is true or false.) 1 Tort law is primarily state law. 2. Consent, if proven, is a defense to battery. 3. Subjective opinions are subject to an action for defamation in the...
1. (TRUE FALSE). Under the UCC, the State of Limitations to commence a legal action for allegedly breaching a sales or lease contract is 4 years. 2. (TRUE FALSE). The seller in a contract for the sale of goods is never allowed to withhold delivery of the good, even when buyer breaches the contract prior to the good being delivered. 3. When the buyer breaches a contract for the sale of goods and the seller elects to resell the goods...
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