Cupcake corporation financial statements

Assignment Help Management Theories
Reference no: EM131736576

Kevin, a C.P.A., prepares and certifies Cupcake Corporation's financial statements. These statements are in­cluded in Cupcake's registration statement filed with the Securities and Exchange Commission before Cupcake's offering of securities. Durant buys a security covered by the registration statement. Based on this transaction, Durant files a suit against Kevin under Section 11 and Section 10(b) of the Securities Exchange Act of 1934. To succeed in the suit, what must Durant prove? Kevin responds that Durant was not in priv­ity with him and that even if she had been in privity, he cannot prove his lack of due diligence.

Can Kevin prevail on these grounds? Why or why not? Explain your answers thoroughly.

Reference no: EM131736576

Questions Cloud

Mutual agreement to expand trade : What benefits are derived when regional countries come together in a mutual agreement to expand their trade (trade unions)?
Overall success of the organization : How does career development affect the overall success of the organization?
What do you think will be next step to make up for revenue : As the country continue to try to develop more electric cars and commercial vehicles, what do you think will be the next step to make up for the lost revenue?
This assignment focuses on ucc contracts : Scenario: Landmark Company is a US-based business that sells iron tables to retailers in the US. The tables are purchased from individual metalsmiths
Cupcake corporation financial statements : Kevin, a C.P.A., prepares and certifies Cupcake Corporation's financial statements. These statements are in­cluded in Cupcake's registration statement
Which type of business would you prefer to work for : The sole proprietorship, the general partnership, and the corporation (although there are many variations of each type).
Why did you like it-because you like the product advertised : Why did you like it-because you like the product advertised, or because you thought it was a well-made advertisement, or for some other reason?
Discuss the characteristics of the functional : Discuss the characteristics of the functional, divisional, and matrix structures? Discuss the characteristics of the virtual structure, the team structure
What elements are necessary for a valid contract to exist : What elements are necessary for a valid contract to exist? Define what constitutes a "valid offer."

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd