When a Syndication Is Offered as a "Blind Pool" Offering,the

question 30

True/False

When a syndication is offered as a "blind pool" offering,the properties to be purchased are not identified before funds are raised.

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Definitions:

Conduct

How an individual acts, particularly in a professional or public setting.

Code of Conduct

A set of guidelines designed to outline acceptable behaviors and ethical standards for members of an organization or profession.

U.S. Sentencing Commission

An independent agency of the federal judiciary responsible for establishing sentencing policies and practices for the federal courts, including guidelines for corporate crimes.

Due Diligence

The comprehensive investigation or exercise of care that a reasonable business or person is expected to take before entering into an agreement or contract.