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For an Investment Contract,why Is One of the Requirements for the Contract

question 104

Essay

For an investment contract,why is one of the requirements for the contract to be classified as a security that the arrangement be one where the profits are made through the efforts of others?


Definitions:

Philippe Pinel

A French physician credited with pioneering humane treatment and moral therapy for the mentally ill in the late 18th and early 19th centuries.

William Tuke

A pioneering figure in the reform of mental health care in the 18th century, he founded the York Retreat which emphasized humane treatment for the mentally ill.

Psychological Abnormality

Conditions or behaviors that deviate significantly from what is considered typical or healthy in a psychological context.

Deviance

Variance from common patterns of behavior.

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