Question: In a suit against Jay and Dart under the Section 11 liability provisions of the Securities Act of 1933, Larson must prove that a. Jay

In a suit against Jay and Dart under the Section 11 liability provisions of the Securities Act of 1933, Larson must prove that

a. Jay knew of the misstatements.

b. Jay was negligent.

c. The misstatements contained in Dart’s financial statements were material.

d. The unqualified opinion contained in the registration statement was relied on by Larson.

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