1. Section 5 of the Securities Act of 1933 provides that if a security does not qualify for an exemption, the security must be registered with the Securities and Exchange Commission (SEC) before sale or issuance of any stock.Which item of disclosure would probably be excluded (i.e., not covered) in the contents of a Registration Statement filed with the SEC

a.A description of the corporation's property and business.

b.How the corporation intends to use the funds raised in the stock offering.

c.Description of pending lawsuits.

d.Marketing information.

2.Which of the following might not be an example of a material fact calling for disclosure under the Securities Act of 1934

a.Appointment of a new chief executive officer

b.A contract for the sale of company assets.

c.A new discovery in biomedical science.

d.Renovation of a key manufacturing facility.