Alan misrepresented certain information provided to a client to induce her to replace existing life insurance. As it turned out, despite the misrepresentation, the replacement was very advantageous to the client. Which of the following is correct regarding Alan's actions?

a$.$ Alan is guilty of twisting, regardless of the outcome for the client.

b$.$ Since the result for the client was favorable, no offense occurred.

c$.$ Although Alan was not guilty of an ethical breach because of the favorable result to the client, he was still guilty of a legal breach. $q,$ d$.$ Alan's behavior is lawful.

What deferred annuity feature generally makes the annuity unsuitable for meeting a client's short$-$term objectives? $q,$ a$.$ tax$-$deferral features

b$.$ low interest$-$crediting rates

c$.$ surrender charges and unfavorable income tax treatment of distributions

$q,$ d$.$ market value adjustments