Which One of the Following Is a Primary Market Transaction

question 5

Multiple Choice

Which one of the following is a primary market transaction?

• A)sale of currently outstanding stock by a dealer to an individual investor
• B)sale of a new share of stock to an individual investor
• C)stock ownership transfer from one shareholder to another shareholder
• D)gift of stock from one shareholder to another shareholder
• E)gift of stock by a shareholder to a family member

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Definitions:

Bankruptcy Abuse Prevention and Consumer Protection Act

A law enacted in 2005 aimed at reforming the bankruptcy system, making it more difficult for individuals to file for Chapter 7 bankruptcy and encouraging Chapter 13 filings.

BAPCPA

The Bankruptcy Abuse Prevention and Consumer Protection Act is a law enacted in 2005 to reform the bankruptcy system in the United States.

Chattel Paper

A document or record that signifies both a monetary obligation and a security interest in or lease of specific goods.

Security Interest

A legal claim or right granted by a debtor to a creditor over the debtor's property, ensuring the property serves as collateral for the repayment of a debt.