True or False Exempt securities under federal laws generally can be sold without being registered.

True or False The SEC does not regulate the content of proxy statements.

True or False Generally state securities laws apply to intrastate transactions.

True or False. The SEC interprets federal securities laws but does not investigate violations.

True or False. If a seller is obviously unable to guarantee title - sheriff's sale for example - no warranty of title exists.

True or False. The Court of Appeals held that whether an express warranty existed was a question of fact to be determined by the trial court.

True or False. Statements of opinion such as "This is the best car you will ever buy" is this expression an express warranty.