Which of the Following Statements Is True of a Seller

question 57

Multiple Choice

Which of the following statements is true of a seller?

• A) It refers to anyone who contracts with a purchaser or who is a motivating influence that causes the purchase transaction to occur.
• B) It refers to the individual or business organization offering a security for sale to the public.
• C) It refers to anyone who prepares the registration statement and prospectus for securities involved in a sale.
• D) It refers to a person who is in possession of an article and is responsible for returning the article safely to the owner once the contract is fulfilled.
• E) It refers to anyone who controls or is controlled by the issuer, such as a major stockholder of a corporation.

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Definitions:

Counterproposal

A proposal offered in response to another proposal, typically aiming to negotiate or compromise on the original terms.

Affirmative Decision

A positive or confirming choice or resolution made after considering various options or arguments.

Introductory Paragraph

The initial section of a written document or article that provides an overview of the topic and outlines the main points to be covered.

Equal Credit Opportunity Act

A law that prohibits discrimination in the credit industry based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.