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Question
One form of private placement exemption involves sales of securities:
A. in limited dollar amounts to nonaccredited investors.
B. only to employees, officers, and board members of the issuing corporation.
C. to accredited investors.
D. to other corporations, with no sales to individuals permitted.
Answer
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Related questions
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Which of the following is not a primary source of law?
A. uniform model law
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Which of the following, from highest to lowest, properly demonstrates preemption?
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B. state statutory law; federal common law; federal administrative law
C. state common law; state administrative law; state statutory law
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Bradley collects historic memorabilia, and one of his prized possessions is the pistol used by Aaron Burr in his duel with Alexander Hamilton. After reading an article in a magazine, Bradley discovers that Sam owns the matching pistol, used by Hamilton in the duel. Bradley contacts Sam and offers him $500,000 for the pistol. Sam e-mails Bradley that he accepts his offer but that the transaction must be for cash and face-to-face. Bradley responds that he'll be at Sam's home at noon the next day with the money. When he arrives, Sam informs him that he's received an offer of $600,000 for the pistol and states that Bradley must pay that amount or he'll sell to the other buyer. Bradley wants the weapon to complete the set. If he sues Sam, what course of action will best provide him the results he desires?
A. Sue for breach of contract and seek a legal remedy.
B. Sue for an injunction.
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________ is a body of law that defines, regulates, and limits the exercise of authority by federal regulatory agencies.
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Gina is the executive secretary to the CEO of a large public corporation. One day her boss takes her into a back room containing numerous cardboard file boxes and three shredding machines, and he orders her to shred every document and file in the room. He then says, "We're under investigation by the SEC, and if they get their hands on anything in this room, we're ruined." She asks what is going on and is told that the company has been perpetrating frauds for years and needs to destroy all the evidence.
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B. compel the SEC to assume an oversight position over institutions that pose a global risk to financial markets.
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Which of the following is not a requirement for the undue-hardship standard?
A. The debtor cannot maintain a minimal standard of living for herself and her dependents.
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C. This state of affairs is likely to persist for a significant portion of the repayment period.
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