please answer ,,,...,,..,.all .,.,.the question.,.,.,.within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is correct and why other options sre incorrect give reasons for the same , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

MAKE SURE THE REASON WHY THE OPTIONS ARE WRONG OR INCORRECT IS THOROUGHLY EXPLAINED, ELSE I WILL REPORT THE ANSWER.

Question 2 Merit, Inc., an educational software company, recently began selling its shares on the New York Stock Exchange. Unfortunately, Merit's share price decreased rapidly after it began selling its shares publicly; the share price has not recovered. Merit's shareholders filed a claim under Section 11 against Merit and its board of directors alleging that Merit's Registration Statement contained a misstatement of fact. lfthe investors can prove that the relevant provisions of a Section 11 claim, which of the following statements is accurate regarding defenses to a Section 11 claim available to the defendants? Select all correct answers from the options below and explain your reasoning. A. Merit's inside directors will avoid liability if they can prove that the board is classified because classified boards cannot face liability under Section 11. B. Merit's directors should argue that the court cannot pierce the corporate veil and hold them personally liable in this case because the directors did not have control overthe company. C. Merit's inside directors will avoid liability if they can prove that they conducted a reasonable investigation and reasonably believed that the false statement was true. D. Merit will avoid liability if it can prove that it conducted a reasonable investigation and reasonably believed that the false statement was true. E. Merit's outside directors will avoid liability if they can prove that they conducted a reasonable investigation and reasonably believed that the false statement was true