Question: short question 5 marks each. 1. Define 'untrue statement' and mention the persons who will be liable for the untrue statement in the prospectus. 2.

short question 5 marks each. 1. Define 'untrue statement' and mention the persons who will be liable for the untrue statement in the prospectus. 2. Define prospectus and mention the different characteristics falling under it. 3. Discuss the civil liability of directors in an organization. 4. Outline some of the fundamental differences between a Memorandum and an Article of Association. Also explain what these documents are in short

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