Nichel Designs a New Office-Management Software Program and Incorpo?rates Nichel's

question 26

Multiple Choice

Nichel designs a new office-management software program and incorpo?rates Nichel's Niche,Inc. ,to make and market it.To sell a limited number of shares of stock to the public,the firm must register the shares with

• A)an attorney with securities law expertise.
• B)a venture capitalist.
• C)the Securities and Exchange Commission.
• D)the U.S.Patent and Trademark Office.

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Definitions:

Principal's Benefit

The advantages or profits derived by an individual who has authorized another (an agent) to act on their behalf.

Disclosed

Revealed or made known, often referring to information that was previously private or confidential.

Implied Warranty

A legal guarantee that a product will meet a minimum set of standards of quality and functionality without being explicitly stated.

Breach of Contract

The failure to perform as stated or agreed upon in a contract.