Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following has the highest regulatory liability standards relating to interstate commerce securities law? a. The Securities Act of 1933 b. The Securities

Which of the following has the highest regulatory liability standards relating to interstate commerce securities law?

a. The Securities Act of 1933    

b. The Securities and Exchange Act of 1934      

c. “Blue Sky” laws         

d. All of these


Deb applied to Shy-Star Lending for an automobile loan to purchase her first new car. As she had no credit history, Shy-Star required that in addition to a UCC-9 perfected security interest in the car Deb wished to purchase, Deb have a responsible co-signer support her debt. Per the loan contract “standard form” supplied by Shy-Star, Deb’s dad Dan signed the form as surety, in addition to Deb signing as debtor. Who is primarily liable for this auto loan obligation?

a. Deb only     

b. Dan only

c. Both Deb and Dan, in no particular order      

d. Deb and Dan jointly, one-half each   

e. Neither Deb nor Dan, as Shy-Star has a UCC-9 collateral security interest in the car and can repossess it if Deb defaults  

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 The answer is option A The securities act of 1933 It is an integral part ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Chemistry

Authors: Raymond Chang

10th edition

77274318, 978-0077274313

More Books

Students also viewed these Accounting questions

Question

Graph one period of each function. y = 4 cos x

Answered: 1 week ago

Question

How many grams of gold (Au) are there in 15.3 moles of Au?

Answered: 1 week ago