Gm 597 Week 7
Submitted by mpwagner on November 4, 2011
- Category: Business
- Words: 490
- Pages: 2
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Gm 597 Week 7
GM 597
Week 7 Assignments
41-2
I think that the court would deem that the investments made by the 1,600 people were securities. On page 647 of our text it states that under the Howey test, “a security exists if an investor invests money in a common enterprise and expects to make a profit form the significant efforts of others.” Given the information we have in the question, I believe that the promissory notes would fall under this test and would definitely be classified as securities.
41-7
As a chief officer of the corporation, Hoodes was granted stock options to purchase stock of the company at a discount. According to the SEC...
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