John operates a sailboat charter service in the U.S.Virgin Islands.He currently has a fleet of 10 boats and would like to have a larger fleet,but would have to obtain additional investors,which he does not want to do.He is considering having investors buy sailboats,which he would maintain and operate as part of his charter fleet.He would enter into a contract that would sell the boat to the investor and provide for the investor to pay John a monthly fee for the maintenance of the boat,and would provide for the sharing of profits between John and the investor.Discuss whether this investment is a security under the 1933 and 1934 Securities Acts.

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The Answer of John operates a sailboat charter service in the U.S.Virgin Islands.He currently has a fleet of 10 boats and would like to have a larger fleet,but would have to obtain additional investors,which he does not want to do.He is considering having investors buy sailboats,which he would maintain and operate as part of his charter fleet.He would enter into a contract that would sell the boat to the investor and provide for the investor to pay John a monthly fee for the maintenance of the boat,and would provide for the sharing of profits between John and the investor.Discuss whether this investment is a security under the 1933 and 1934 Securities Acts.

John Operates a Sailboat Charter Service in the U