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 to Expert-Tailored 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

Environmental Regulation Law Science And Policy

Authors: Robert V. Percival, Christopher H. Schroeder, Alan S. Miller, James P. Leape

9th Edition

1543826164, 978-1543826166

More Books

Students also viewed these Law questions

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago