Karen is a lawyer working on the registration statement for Johnstown Manufacturing and was asked to read it as an expert. She is told by the company to "just hurry up and sign off on it" because the company wanted to finish the deal. Later, it was found that there was a misstatement in the registration statement. Which, if any, of the following can Karen use as a viable defense?

a. She was only following directions.

b. She had reasonable grounds to believe and did believe her information was true.

c. No one relied on the misstatement.

d. She did not read the entire document.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below b She had re... View the full answer