Liability based on federal securities law is known as which type of law?
A) Common Law
B) Contract Law
C) Commercial Law
D) Statutory Law

Question

Quizplus · Accepted Answer

Liability based on federal securities law is governed by the Securities Act of 1933 and the Securities Exchange Act of 1934, which are both statutory laws enacted by the federal government. Therefore, the correct answer is D - Statutory Law. Common Law, Contract Law, and Commercial Law are not specifically related to federal securities law.

Liability Based on Federal Securities Law Is Known as Which