Eve is a promoter and has approached Adam with an investment opportunity.Eve anticipates a generous profit and informs Adam that he too can realize a generous profit.This opportunity is not being offered to others.Assuming all other requirements to classify this as a security are in evidence,the commonality of this transaction would be described as a

Question

Quizplus · Accepted Answer

A) When the promoter of a security and the single investor share a common
expectation of profit, the transaction is classified as having a vertical commonality.
A) When the promoter of a security and the single investor share a common expectation of profit, the transaction is classified as having a vertical commonality.
B) When the promoter of a security and the single investor share a common expectation of profit, the transaction is classified as having a vertical commonality.
C) When the promoter of a security and the single investor share a common expectation of profit, the transaction is classified as having a vertical commonality.

Eve Is a Promoter and Has Approached Adam with an Investment