Which of the Following Exempts Entities from Most of Its

question 55

Multiple Choice

Which of the following exempts entities from most of its requirements,provided the definition of a private corporation is met?

• A) corporate legislation
• B) corporate law regulating winding up transactions
• C) securities legislation
• D) securities law regulating redemption on dissolution

Understand the liability for misrepresentation and fraud in securities offerings and trading.

Recognize the role and impact of state securities laws in conjunction with federal laws.

Understand the purpose and scope of the Sarbanes-Oxley Act in promoting corporate accountability.

Identify investment schemes and their legality under federal securities laws.

---

Definitions:

Incremental

Describes a process of making changes or improvements in small, gradual steps rather than large, significant leaps.

Entity

Something that exists as a particular and discrete unit, often referred to in philosophy, law, and technology.

Internal

Existing or situated within the confines of an object, individual, or group, often referring to inner qualities or operations.

External

Originating from or existing outside oneself or the subject being considered, often influencing it from the outside.