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Question
Jean leaves her prom dress with Kwik "˜n Kleen Launderers to be cleaned and altered for the dance. On its return, the dress is greasy and smells bad, and the alterations burst at the seams. Who suffers the loss and why?Answer
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Related questions
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d. all of the above.
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Fact Pattern 41-1
Adam, a director of Beta Computer Company, learns that a Beta engineer has developed a new, significantly faster computer chip. Adam buys Beta stock and tells his friend Cathy, who also buys Beta stock. When the new chip is announced three weeks later, Adam and Cathy sell their stock for a big profit.
Refer to Fact Pattern 41-1. Regarding Adam's profits on the purchase and sale of Beta stock, under Section 16(b) of the Securities Exchange Act of 1934 Beta may recapture
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Fact Pattern 41-1
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Generally, states have disclosure requirements patterned after federal securities law.
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Private parties cannot sue violators of Section 10(b) and Rule 10b-5.
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a. a confiscation.
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a. a bilateral agreement.
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