Congress enacted legislation in 1933 to regulate the securities industry and prohibit various forms of fraud with securities. The Securities Exchange Act of 1934 was passed a year later. This law created the Securities and Exchange Commission (SEC) as an independent regulatory entity whose function is to administer the two laws. The SEC has generated rules and regulations to administer these acts. These rules and regulations are
A)statutes.
B)administrative law.
C)executive orders.
D)common law.
Question 2
If a tenant leaves a toy car on the stairs of his apartment and a guest trips over it and is injured, who is most likely liable?
A) the tenant
B) the guest
C) the landlord
D) no one because it was an accident
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