ANSWERS-CH45 - need not be disclosed. Crabapple has a...

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CHAPTER 45 SECURITIES REGULATION ANSWERS TO CHAPTER 45 True-False Multiple Choice 1. F 2. T 3. F 4. F 5. F 6. F 7. T 8. F 9. T 10. T 11. F 12. T 13. T 14. F 15. T 16. d 17. c 18. a 19. b 20. a 21. d 22. c 23. a 24. b 25. c 26. d 27. b Short Essay 28. No. To use the intrastate offering exemption, the issuer must be organized and do nearly all of its business in that state and sell only to purchasers living in that state. 29. No. Even though Tweed, as Gem's president, was a statutory insider, Gem cannot recover the profit he made because the purchase and sale did not occur within a six- month period. Business Law and the Regulatory Environment, 11E 75
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30. Probably not. If there is a proper business reason for not disclosing the information, it
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Unformatted text preview: need not be disclosed. Crabapple has a proper business reason: preventing the competition from discovering the important aspects of the new computer prior to its perfection. In addition, it is not clear from the facts that the new computer actually will be perfected. Those with access to concrete information concerning the invention must be careful not to buy Crabapple shares on the basis of the undisclosed information, however, or they will violate Rule 10b-5. Answers to Student Study Guide and Workbook Questions 76...
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This note was uploaded on 04/30/2010 for the course BUSLAW 301 taught by Professor Abu during the Spring '09 term at Abu Dhabi University.

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ANSWERS-CH45 - need not be disclosed. Crabapple has a...

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