Knowledge Base

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Questions

Which ruling established that a breach of duties of information, warning, and advice deprives the investor of a chance to better invest their capital?

Buon ruling (November 5, 1991)
Ruling of February 4, 2014
Ruling of November 8, 2017
Genil ruling (2013)

What is the primary legal basis for the contractual liability of financial institutions under the 2016 Civil Code?

Article 1240 of the Civil Code
Article 1231-1 of the Civil Code
Article L.533-11 of the Code monétaire et financier
Article L.533-12 of the Code monétaire et financier

What is the general obligation imposed by Article L.533-11 of the Code monétaire et financier on financial institutions?

Duty of financial transparency
Duty of loyalty
Duty of confidentiality
Duty of diligence

What is the essential condition for assessing the sophisticated status of a legal entity?

The client's investment experience
The profession and financial expertise of the legal representative
The client's past transaction history
The nature of the planned transactions

Tortious liability under Article 1240 can be invoked simultaneously with contractual liability for the same fault.

True
False

Categorize items by dragging them to the appropriate zones

Items to categorize:

Providing objective information about a financial product
Alerting to the specific risks of a transaction
Providing guidance on the merits of an investment
Categories:

Duty of information

Warning

Advice

Compensation for loss of chance can cover the entirety of the gains missed by the investor.

True
False