The executive vice president for Best Buy appeared on television in an interview about how Best Buy was doing because of concerns about the abrupt departure of the company's CEO.The executive vice president said,"Customers are lining up at our stores and television sales are going really strong." Which of the following is correct about the EVP's statements?
A) The statement was too general to constitute a basis for a 10(b) claim.
B) The statement does need to contain numbers to be a material misrepresentation.
C) The buyer has done nothing wrong unless he was told to not reveal that information.
D) The seller has a 10(b) claim against the seller.
Correct Answer:
Verified
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