Interests or Instruments That Are Expressly Mentioned in Securities Acts

question 85

Multiple Choice

Interests or instruments that are expressly mentioned in securities acts are known as ________.

• A) common securities
• B) implicit securities
• C) investment contracts
• D) statutorily defined securities

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Definitions:

Knew About

Had awareness or knowledge of a fact, situation, or detail, often relevant in legal and decision-making contexts.

Agency Law

The area of law dealing with the actions of agents, who are authorized to act on behalf of others (principals) in legal or business transactions.

Partnerships

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed.

Relationships Among Partners

The legal and interpersonal dynamics that govern the interactions, responsibilities, and obligations between partners in a business partnership.