Officer includes several material misrepresentations in her press release regarding a new class of preferred stock to be offered by Corporation. Employee edits Officer's press release for spelling and grammar, but Employee's name appears nowhere on the press release. Officer rewrites the press release after Employee's editing, ultimately removing all but one of the changes made by Employee. Under the substantial participant approach, Employee has made a material misrepresentation.
A) True.
B) False.

Question

02-07-2024
Social Studies

Answered

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Officer includes several material misrepresentations in her press release regarding a new class of preferred stock to be offered by Corporation. Employee edits Officer's press release for spelling and grammar, but Employee's name appears nowhere on the press release. Officer rewrites the press release after Employee's editing, ultimately removing all but one of the changes made by Employee. Under the substantial participant approach, Employee has made a material misrepresentation.
A) True.
B) False.

Sagot :

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