When the Corporation Sells Securities Directly to the Investment Public

question 95

True/False

When the corporation sells securities directly to the investment public without involving an investment banker,it is called a privileged subscription.

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Definitions:

Transferor

The party in a transaction who transfers or conveys assets, rights, or interests to another, known as the transferee.

Title

Legal right to ownership of property or assets, often evidenced by a document.

Title Passes

The point at which ownership of property or goods is transferred from seller to buyer under the terms of a contract.

Code

A system of principles or rules designed to regulate behavior or conduct in a specific area.