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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.
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