Premier Enterprises sold Watson unregistered stock which was not exempt.The 1933 Act imposes liability on Premier,and Watson's sole remedy is damages.

Name: Premier Enterprises sold Watson unregistered stock which was not exempt.The 1933 Act imposes liability on Premier,and Watson's sole remedy is damages.
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Question

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The 1933 Act provides for both rescission (return of the investment) and damages as remedies for the sale of unregistered, non-exempt securities.

Premier Enterprises Sold Watson Unregistered Stock Which Was Not Exempt