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1.When OmniOil Corporation wishes to issue certain securities, it must provide sufficient information for Petra, and other unsophisticated investors, to evaluate the financial risk involved.
1.When OmniOil Corporation wishes to issue certain securities, it must provide sufficient information for Petra, and other unsophisticated investors, to evaluate the financial risk involved. Specifically, the law imposes liability for making a false statement or omission that is "material." What sort of information would Petra consider material?
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