[Vineyard Development] a Community Group in Montana Wanted to Revitalize

question 74

Multiple Choice

[Vineyard Development] A community group in Montana wanted to revitalize the area and held a meeting urging residents to invest in local businesses. After the meeting, Mai and Trent, who own Valley Vineyard, decide to expand by adding a spa and first-class restaurant to the property to attract tourists. They plan to raise capital for the vineyard development by issuing securities to local investors. All of Valley Vineyard's property and assets are in Montana and their wine sales are about 85% to stores, consumers, or distributors within the state. Once the spa and restaurant are running, they would like to use their profits to open a small wine-bar in Florida.
-Noelle, a Montana resident, purchases Valley Vineyard securities in January. In July, after the restaurant opens, Noelle wants to sell the securities to a well-known investor from Idaho. Is the sale permissible?

• A) Yes, Noelle can resell after six months from the time of sale, regardless of the residency of the purchaser.
• B) Yes, Noelle can resell to a nonresident after six months from the time of sale.
• C) Yes, Noelle can resell to a nonresident after three months from the time of sale.
• D) No, Noelle cannot resell to a nonresident for at least twelve months after the period of sale.
• E) No, Noelle cannot resell to a nonresident for at least nine months after the period of sale.

---

Definitions:

Measured

Assessed or quantified through a systematic process or instrument.

Subdiscipline

A specialized area of study or research that falls under a broader academic discipline or field.

Psychology

The study of human behavior.

Independent Variable

In an experiment, the variable that is manipulated or changed to observe its effect on the dependent variable.