Players Video Game Centers,Inc

question 17

Multiple Choice

Players Video Game Centers,Inc.,wants to issue stock of $1 million in a single offer?ing.Players must provide all investors with material in?forma?tion about itself,its business,and its securities if

• A)all investors are accredited.
• B)under any circumstances.
• C)any investors are accredited.
• D)any investors are unaccredited.

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Definitions:

Legitimate Business Purpose

A reasonable, lawful reason for engaging in a particular business activity or decision.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize laws across the states.

Unconscionable

A term used to describe an action or a contract clause that is so unjust or overwhelmingly one-sided in favor of one party that it is contrary to good conscience.

Noncompete Clause

A contract provision that prohibits an employee from working for or becoming a competitor for a certain period after leaving a company.