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Question
The U.S. Supreme Court has ruled that fraud claims under Section 10(b) and Rule 10b-5 must be brought:
A. within one year after discovery of the facts constituting the violation and not more than three years after the violation has occurred.
B. within three years after discovery of the facts constituting the violation and not more than five years after the violation has occurred.
C. within five years after discovery of the facts constituting the violation and not more than ten years after the violation has occurred.
D. within two years after discovery of the facts constituting the violation and not more than ten years after the violation has occurred.
Answer
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Related questions
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B. allows only the U.S. attorney general to sue for injunctive relief or the seizure of products to enforce various provisions of the act.
C. permits any private party to sue for an injunction to enforce any CPSC rule or order, if, at the time of the suit, the commission or the attorney general has begun an action based on the alleged violation.
D. allows those injured because of a knowing and willful violation of a CPSC rule or order to sue for damages if the amount in controversy exceeds $100,000.
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A. firearms
B. drugs
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The Holder in Due Course rule:
A. alters statutes of limitations or other state-created limitations on the consumer's enforcement of claims and defenses.
B. states that all defenses available to the purchaser against the seller can also be available against the holder in due course.
C. eliminates rights that the consumer may have as a matter of federal, state, or local law.
D. creates a warranty claim or defense where the product is sold "as is."
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The Equal Credit Opportunity Act:
A. is designed to protect consumers from unfair or inaccurate credit reporting.
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A. coinsurance clause
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B. usually allows the insured to recover the difference between the limits stated in the policy and the fair market value of the property.
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B. is a check drawn by a bank on an individual's funds.
C. is a draft on which the drawer or drawee are the same bank.
D. is a draft drawn by a bank on another bank or payable at or through a bank.