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Sapphinx Growth and Income, a Mutual Fund Company, Had a Free

question 135

Multiple Choice

Sapphinx Growth and Income, a mutual fund company, had a free hand in its operations before the year 2010. However, after an alteration in the government rules, the company faced a number of restrictions in selling its shares to investors. Which of the following acts is responsible for the alteration in the rules?


Definitions:

Ownership

The legal right or title to possess and use property, whether tangible or intangible, including the ability to transfer that property to others.

Realty

Property consisting of land or buildings, also known as real estate.

Property Rights

The legal rights to own, use, and dispose of land, buildings, or other assets, protected by law.

Mislaid Property

Property that is intentionally placed somewhere by the owner who then forgets its location.

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