In 1933, union membership in the United States was slightly less than it had been in 1916

A contract for the sale of $400 worth of merchandise must be in writing

Indicate whether the statement is true or false

Max buys shares of newly issued Zamex Corporation stock for $10 per share and pays $1,000 cash, a car worth $2,000, and a promissory note for $5,000. Under traditional corporate law, followed in about half of the states, how many shares of stock could Max validly buy?

A) 100 B) 300 C) 800 D) 600