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Question
Cal, a purchaser, lost $15,000 after purchasing corporate stock based on a false registration statement. Cal:
A. has no legal recourse through which he may try to recover his loss.
B. may sue the accountant who prepared the registration statement under the Securities Exchange Act of 1954.
C. may sue the accountant who prepared the registration statement under the Securities Act of 1933.
D. may sue the corporation of stock fraud under the Securities Exchange Act of 1934.
Answer
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Related questions
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B. Writ of replevin
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D. Cover the sale
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Gerald orders 1,000 cupcakes from Haddock Bakers for a Christmas Eve party. However, Haddock fails to deliver the cupcakes as per the schedule mentioned in the contract, and does not send any notification to Gerald. Gerald orders the cupcakes from Marlene's Cakes that evening. This is an example of which of the following?
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Turban, an immigrant who speaks little English, enters into a contract to pay $300 per month for ten years to purchase an auto from Travel Motor Co. The appraised retail value of the car is $5000. What legal remedy would release Turban from his contract?
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B. A written conformation is received and signed by one party, and sent to the other for approval.
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In a contract for which no delivery is required, title to the goods does not pass to the buyer until the buyer receives the goods.
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In a shipment contract, risk of loss does not pass from the seller to the buyer until the buyer receives the goods.
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A sale of goods contract offer is silent concerning the method of acceptance. It may be accepted in any reasonable manner.
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C. abandonment of contractual obligations.
D. a repudiation of contract.