Which of the Following Did the Appellate Court Rule in Securities

question 62

Multiple Choice

Which of the following did the appellate court rule in Securities and Exchange Commission v.Mutual Benefits Corp.,the case in the text involving whether a viatical settlement investment is an investment contract under securities laws?

• A) That a viatical settlement investment is not an investment contract because no significant post-purchase activity takes place in such contracts, and the expectation of profits is not therefore based solely on the efforts of the promoter or a third party.
• B) That a viatical settlement investment is not an investment contract because profit depends entirely upon the mortality of the insured.
• C) That a viatical settlement investment is not an investment contract because such contracts are void as against public policy.
• D) That a viatical settlement investment is an investment contract in that investors were offered and sold an investment in a common enterprise in which they were promised profits that were dependent on the efforts of the promoters.
• E) That a viatical settlement investment is an investment contract because no significant post-purchase activity took place, thereby establishing the dependence of profits on the presale activities of the promoter.

Recognize the importance of intrinsic motivation and optimal experiences in nurturing creativity.

Understand the effects of creativity on business and organizational outcomes.

Distinguish between intrinsic and extrinsic motivation in the context of creativity.

Understand the role of the open mode and mental state in fostering creativity.

---

Definitions:

Documents Of Title

Legal documents that evidence a person's right to control the disposition of goods or properties, such as bills of lading or warehouse receipts.

Bailment

The temporary transfer of possession of personal property from one party to another, with the expectation of its return.

Bailee's Lien

A right that allows a bailee (a person who temporarily holds property for another) to retain possession of the property until payment is made.

Right To Sell

The legal authority granted to an individual or entity to sell a particular product, property, or service.