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D Question 20 Punitive damages are recoverable for the tort of fraud. both of the other answers. the tort of negligence. Question 21 Trading on material non-public information by an insider is criminal prosecutions. civil actions brought by the SEC. Both of the other answers are correct o DOLL Question 22 Insider trading is O a violation of the Securities Exchange Act of 1934. O a crime under the Equal Protection Clause of the Fourteenth Amendment. Question 23 2 Under the Securities Act of 1933 there may be civil actions brought by the SEC. Both of the other answers are correct O criminal prosecutions. Question 24 2 p O BI e a DLL ERLORE Question 24 27 A hearing in a federal administrative agency before an administrative law judge O is subject to judicial review in federal court. O is final and binding of all with no right of appeal. D Question 25 2 pt Administrative agencies generally are given their own rule-making authority. O False. O True Question 26 2 pts A promise without consideration results in a o O RI DOLL Question 26 2 p A promise without consideration results in a void contract. O a voidable contract. an illegal bargain. contract that is unenforceable. Question 27 2 pts A contract obligation discharged in a ankruptcy proceed makes the contract unenforceable. void. O voidable. O B