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.
A group of local architects has met and decided that their bidding on public works
projects has created a danger for the public because the bids come in so dangerously
low that building safety is sacrifice
d.The action of the architects:
a. does not violate the Sherman Act because of the reason for their boycott.
b. does not violate the Sherman Act because they offer services only and do not sell
goods.
c.violates the Sherman Act in spite of their motivation.
d.none of the above