A Ford-Owned Dealership Is Considered a Branch Office Because It

question 103

Multiple Choice

A Ford-owned dealership is considered a branch office because it:

• A)performs a sales function as an option to agents and brokers.
• B)works for several producers and carries non-competitive, complementary merchandise in an exclusive territory.
• C)carries a producer's inventory and performs the functions of a full-service wholesaler.
• D)takes title to merchandise but sells only to buyers who call on them, pays cash for merchandise, and furnishes their own transportation for the merchandise.

---

Definitions:

Uniform Securities Act

A model law designed to guide states in regulating the sale of securities to protect investors from fraud.

Register by Coordination

A process for securities registration where state and federal requirements are coordinated to streamline the process for issuers.

1933 Act Registration Statement

A document filed with the SEC that includes all material information about a company offering securities to the public.

Legislative Branch

The part of the government responsible for making laws. In the United States, it is Congress, which consists of the Senate and the House of Representatives.