For an offering to be exempt under Regulation D of the Securities Act of 1933, Rule 506 requires that
A. The SEC be notified within 10 days of the first sale.
B. The offering be made without general advertising if any sales are made to purchasers who are not accredited investors.
C. All accredited investors receive the issuer's financial information.
D. There be a maximum of 35 investors.
Answer: B. The offering be made without general advertising if any sales are made to purchasers who are not accredited investors.
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Which of the following is true about security agreements and financing statements?
A) Both must exist in order for a security interest to attach. B) These are two terms for essentially the same document. C) The financing statement gives constructive notice to the world of the existence of the related security agreement. D) Both must be filed in order to perfect a security agreement. E) The security agreement is unenforceable until a financing statement has been filed.
Because of the reasonable person standard applied in negligence law, an alcoholic defendant in a negligence case would be held the reasonable alcoholic standard
Indicate whether the statement is true or false