The Code Requires That the Affirmations, Promises, or Descriptions the Seller

question 30

True/False

The Code requires that the affirmations, promises, or descriptions the seller makes be relied on by the buyer to be an express warranty.

Understand the frequency and conditions under which additional funding is awarded by venture capitalists (VCs).

Recognize the motivations and expectations of different types of angel investors and venture capitalists.

Identify the stages and mechanisms of investment, including initial public offerings (IPOs), due diligence, and seed financing.

Understand the concepts of pre-money and post-money valuation and how they are calculated.

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Definitions:

Security Interest

A legal claim or lien on collateral that gives a lender the right to repossession if the borrower defaults on the agreement.

Legal Enforceability

The characteristic of a contract or agreement that allows it to be upheld or compelled by law.

Perfection

The state of being free from all flaws or defects, or achieving the highest degree of excellence.

Balloon-Payment Mortgage

A mortgage that has relatively low fixed payments during the life of the mortgage followed by one large final (balloon) payment.