Offerings Exempted from Registration Under Rule 505 of Regulation D

question 18

Multiple Choice

Offerings exempted from registration under rule 505 of Regulation D may raise up to $5 million in a:

• A) 6-month period
• B) 9-month period
• C) 12-month period
• D) 18-month period
• E) 24-month period

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Definitions:

Design Patent

A legal protection granted to the unique visual qualities of a product's design.

Recover

The process of regaining possession, use, or control of something lost or taken away, or returning to a normal state after a disaster or setback.

Void Agreement

A contract or agreement that is not legally enforceable from the outset.

Licensing Statute

A legal provision that requires individuals or entities to obtain permission through a license to engage in certain professions or activities.