The Uniform Securities Act Has Been Adopted in Part by Some

question 31

Multiple Choice

The Uniform Securities Act has been adopted in part by some states to bring to state security laws.

• A) diversity
• B) accessibility
• C) uniformity
• D) accountability

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Definitions:

Limited Partners

Investors in a partnership who have limited liability to the extent of their investment and typically do not partake in the day-to-day management of the business.

General Partners

are owners of a partnership who bear unlimited liability for the debts and obligations of the business.

Expelled

The act of being officially removed or barred from an institution or organization.

Overbilling

The practice of charging more than the agreed price or more than the services or goods provided are worth, often considered fraudulent or unethical.