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    Exam 37: Securities Regulation
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    Premier Enterprises Sold Watson Unregistered Stock Which Was Not Exempt
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Premier Enterprises Sold Watson Unregistered Stock Which Was Not Exempt

Question 31

Question 31

True/False

Premier Enterprises sold Watson unregistered stock which was not exempt.The 1933 Act imposes liability on Premier,and Watson can demand rescission if he still owns the stock.

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