A Private Placement, or a Transaction by an Issuer Not

question 67

True/False

A private placement, or a transaction by an issuer not involving any public offering, is exempt from registering securities.

---

Definitions:

Trachea

The main airway (windpipe) leading from the larynx to the lungs, allowing the passage of air for respiration.

Pharynx

The pharynx is a muscular tube that connects the nasal and oral cavities to the esophagus and larynx, playing a key role in the respiratory and digestive systems.

Nasal Conchae

These are long, narrow, curled shelves of bone that protrude into the nasal cavity, increasing its surface area.

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, which prevents food from entering the airways during swallowing.