Which of the Following Is Not an Accredited Investor for Purposes

question 56

Multiple Choice

Which of the following is not an accredited investor for purposes of the private placement exemption under the Securities Act of 1933?

• A) a person with a net worth of at least $1,000,000
• B) a corporation or partnership with total assets in excess of $5,000,000
• C) a director of a corporation that is the issuer
• D) a person who had an income of at least $200,000 in the most recent year

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Definitions:

Polar Covalent

A type of chemical bond where a pair of electrons is unequally shared between two atoms, causing a partial charge.

Lipids

A broad group of naturally occurring molecules that include fats, waxes, sterols, fat-soluble vitamins, and other components essential for cell structure and function.

Phospholipids

A type of lipid molecule that is a major component of all cell membranes, consisting of a phosphate head and two fatty acid tails.

Saturated Acids

Fatty acids that have no double bonds between the carbon atoms of the fatty acid chain, making them typically solid at room temperature.