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1. a.Explain liability to clients under contract law and give an example of a situation that entails liability to clients under contract law. b. Explain

1. a.Explain liability to clients under contract law and give an example of a situation that entails liability to clients under contract law.

b. Explain liability to third parties under common law and give an example of a situation that entails liability to third parties under common law.

c. Explain liability to third parties under federal securities laws and give an example of a situation that entails liability to third parties under federal securities laws.

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