Examlex
Why are some securities exempted from the registration provisions of the 1933 Act? Give two examples of such securities. Are they exempted from the antifraud provisions of the act as well?
Bilateral Contract
An agreement where each of the two parties makes a promise or set of promises to the other.
Unilateral Contract
An agreement in which a promise by one party is exchanged for an act performed by the other party.
Executed
A term applied to a contract in which all of the terms have been fully performed.
Implied-In-Law
A legal obligation arising not from explicit agreement but from a duty inherent in social or legal traditions.
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