John and Mary, two traders, are friends. Mary tells John that she has heard from the auditor
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Question:
John and Mary, two traders, are friends. Mary tells John that she has heard from the auditor of ABC Ltd, that it is expecting a huge loss this year. In which case will John act legally if he sells the share?
i. John waits until ABC Company issues a press release about the impending loss before selling his shares.
ii. John panics as the portfolios he manages for clients are heavy in ABC shares and he sells that same day.
iii. John advises his clients to sell ABC shares immediately.
iv. John advises his pension fund`s administrator to sell ABC shares immediately.
(i), (iii) and (iv) only
(iii) and (iv) only
(i), (ii) and (iii) only
(i) only
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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