Charlene Thompson became a new director at the Wind Farm ...

[bcretired]

Charlene Thompson became a new director at the Wind Farm Technology corporation on July 1, 2014. Wind Farm's 10-K was due August 15, 2014. Charlene signed the 10-K as a director, but was too overwhelmed to do a complete review of the material prior to signing. However, her signature was necessary for a timely filing. Which of the following statements is true?
 A) Charlene is not liable for what is in the document if she did not read it.
 B) Charlene is not liable for 10-K information because that liability only applies to officers who sign the 10-K.
 C) Charlene is liable for the information in the 10-K.
 D) Charlene is not liable because directors have a quarter of a year immunity on public filings by the company.

Question 2

Which of the following prohibits general solicitation of buyers?
 A) Regulation A+ offerings
 B) IPOs
 C) Crowd-funding offerings
 D) None of the above

[6ana001]

Answer to Question 1

C

Answer to Question 2

D

[bcretired]

TYSM

[jackie]

Excellent