Question

7. A company issued a
prospectus containing mis-
statements in the prospectus, X
relying on the prospectus,
applied for and was allotted
shares. Later on, he sold the
shares to Y. Y, realizes the mis-
statement in the prospectus. Can
he bring an action on the ground
of mis-statement in the
prospectus?
O
Yes
Ο Νο
O
It is at the option of the Y
O It is not a prospectus​

Answer 1

Answer:

what

Explanation:

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