The Definition of Security in the Securities Act of 1933

question 11

True/False

The definition of security in the Securities Act of 1933 does not include instruments commonly known as securities.

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Definitions:

Defendant

A person or entity against whom a lawsuit is filed in a court of law.

Reasonable Person Test

A legal standard used to determine what a typical, prudent person would have done in similar circumstances, applied in various legal contexts.

Surety Bond

Insurance arranged in case a party to a contract fails to perform.

Contract Performance

The carrying out of the duties and obligations as stipulated in a contract by the involved parties.