Which of the following best describes the standard underwriters must meet to establish a due diligence defense under Section 11 of the Securities Act?

1. AAbsolute assurance that all statements are correct
2. BMinimal inquiry based on management's representations
3. CA reasonable investigation, with reasonable grounds to believe statements are true✓ Correct answer
4. DReliance solely on outside counsel's review

Reading one answer is not the same as being ready

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