A(n)________ contract is any contract whereby a party contributes money or other consideration in a common enterprise and expects to make a profit from the significant efforts of others.

Question

Quizplus · Accepted Answer

This is the definition of an investment contract under the Securities Act of 1933. Subscription contracts may involve payment for goods or services, securities refer to specific financial instruments, debentures are a type of bond, and warrants are options to purchase securities at a specific price.

A(n)________ Contract Is Any Contract Whereby a Party Contributes Money