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Under the NASAA Model Rules, the statute of limitations for civil liabilities is
Suggested Answer: D
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Under the NASAA Model Rules, the statue of limitations for civil liabilities is the earlier of two years after the discovery of facts and three years after the sale. This follows the recommendations provided by the Uniform Securities Act of 1956.
31 comments · newest first
RE
Reuben
7 months ago
D is too short. I’d go with A for clarity.
DO
Dottie
7 months ago
C is interesting, but I feel it complicates things.
DE
Devora
7 months ago
I remember it being A. The earlier limit is crucial.
CH
Chantell
7 months ago
A makes sense, but I’m unsure about the four years part.
DI
Dick
7 months ago
I lean towards B. Three years seems more reasonable.
ZE
Zena
7 months ago
Are you sure about that? Seems too short!
LI
Linette
8 months ago
Definitely A, I've checked the rules before.
DA
Daron
8 months ago
Wait, I thought it was B? This is confusing!
KR
Kristian
8 months ago
It's A) two years after discovery or four years after violation.
AN
Annice
9 months ago
Definitely not A. That's way too short of a timeline. I'm leaning towards B or D, but I'll have to double-check the NASAA guidelines.
AD
Adolph
9 months ago
Option A? Really? Who writes these questions, a bunch of lawyers? *chuckles*
LA
Lashaunda
9 months ago
I'm going to go with C. It's the most comprehensive option, covering both the discovery of facts and the violation timeline.
AN
Antione
9 months ago
Hmm, I'm torn between B and D. The NASAA rules can be tricky, but I think D might be the safest bet.
AN
Annamae
9 months ago
I remember discussing the NASAA rules, but I’m not confident about the exact timeframes. I might lean towards option A, but I’m not sure.
MI
Mike
9 months ago
I’m pretty sure it’s the earlier of two years after discovery and three years after the sale. That sounds familiar, but I could be mixing it up.
VI
Viva
10 months ago
I practiced a similar question, and I feel like the answer was about three years after discovery. Maybe it's option B?
JO
Jose
10 months ago
I think the statute of limitations is two years after discovery, but I can't remember if it's four years after the violation or something else.
RY
Ryan
10 months ago
I'm a little confused by the different time periods in the options. I'll need to re-read this a few times to make sure I understand the nuances.
ME
Merilyn
10 months ago
I've got a good feeling about this one. The wording in the answer choices seems pretty straightforward, so I think I can narrow it down.
MA
Margarita
10 months ago
Okay, let's see. The question is asking about the statute of limitations, so I'll need to focus on the time periods mentioned in the answer choices.
LE
Lemuel
11 months ago
I think it's A. Two years after discovery sounds right.
JE
Jesusita
11 months ago
Option B seems the most reasonable, as it provides a clear timeline for the statute of limitations.
CH
Cherilyn
11 months ago
Totally agree, A is the correct answer!
HO
Howard
11 months ago
I'm pretty sure the correct answer is D. The question specifically mentions the NASAA Model Rules, and that's the option that aligns with those rules.
BE
Beatriz
11 months ago
Hmm, this seems like a tricky one. I'm not too familiar with the NASAA Model Rules, so I'll need to think through the options closely.
EL
Elli
12 months ago
I think I'll start by reading through the question carefully to make sure I understand the key details about the NASAA Model Rules and the statute of limitations.
MI
Miesha
6 months ago
I agree with A. It matches the typical limits.
JE
Jenise
6 months ago
D is too short. I doubt it’s the right choice.
MI
Micaela
6 months ago
C could be the answer. It gives more time.
MA
Magdalene
6 months ago
I’m leaning towards B. Three years seems more reasonable.
WI
Willow
10 months ago
I think it's A. Two years after discovery sounds right.