In 1992, the SEC Issued New Rules Establishing an Integrated

question 35

True/False

In 1992, the SEC issued new rules establishing an integrated registration and reporting system for small business issuers.

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Definitions:

Oral Contract

An agreement made through spoken words and not written, which can be legally binding.

Guaranty

A legal commitment by one party to assume responsibility for the debt obligation of a borrower if that borrower defaults.

Enforceable

A legal term referring to a contract or agreement that can be upheld and compelled by law.