Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Read the facts below and explain whether the following is considered a security. Explain your answer. Jessica is bringing on investors for her salon. She

Read the facts below and explain whether the following is considered a security. Explain your answer.

Jessica is bringing on investors for her salon. She approaches her best friend and asks her best friend to give her $25,000 and in exchange her best friend would get 30% of the company but would not actively be involved in the operations. She makes no statements as to the investment or return potential of the offer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quantitative Methods For Business

Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey Cam

11th Edition

978-0324651812, 324651813, 978-0324651751

Students also viewed these Law questions