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Benjamin contributes $100,000 in his sister's business in exchange for 10% ownership. Does he have an investment contract in her business? a.Yes, because he contributed
Benjamin contributes $100,000 in his sister's business in exchange for 10% ownership. Does he have an investment contract in her business?
a.Yes, because he contributed over $100.
b.No, because he is related to the owner.
c.Yes, as long as he does not actively take part in the business.
d.No, if her business is not profitable.
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