Squeaky Clean Corporation Wants to Make an Offering of Securities

question 3

Multiple Choice

Squeaky Clean Corporation wants to make an offering of securities to the pub-lic.This offering is not exempt from registration under the Se-curities Act of 1933.Before Squeaky sells its securities,it must provide in-vestors with

• A)a forward-looking financial forecast.
• B)an investment contract.
• C)a prospectus.
• D)samples of its products.

---

Definitions:

Sale of Land

A legal transaction where ownership of a piece of real estate is transferred from the seller to the buyer, according to agreed terms.

Real Property

Land and anything permanently attached to it, such as buildings and structures, recognized by law.

One-Year Rule

A legal principle stating certain contracts must be in writing if they cannot be performed within one year.

Oral Promise

A commitment or agreement conveyed through spoken words rather than in written form, which may or may not be legally binding.