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Question 32: bm Msrit no so to autangia Sunanda subscribed to the shares issued by Jolly Ltd. The prospectus of Jolly Ltd. included a statement which was misleading in the forms and contents. Believing the prospectus to be true, Sunanda had subscribed for shares and sustained a loss. In context of the above case: (a) Define the term 'prospectus'. (b) Can Sunanda sue for compensation of loss? Justify your answer.
Sagot :
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