Question: An accountant may escape liability under Section 11 by successfully asserting one of the following defenses: (Check all that apply.)Multiple select question.Reasonable basis existed to

An accountant may escape liability under Section 11 by successfully asserting one of the following defenses: (Check all that apply.)Multiple select question.Reasonable basis existed to believe the statements were not materially misstatedThe plaintiff knew the statements were incorrect at the time of purchasing the investmentReasonable investigation was conductedThe loss was due to factors other than the material misstatement or omission of informationNo damages had occurredThe third party did not rely on the financial statements

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