Brent has opened a fruit and vegetable business named Brent's Country Stand,near an affluent suburban neighborhood.After six months Brent wishes to raise capital for expansion so he offers a number of his customers the following deal.If the individual gives Brent $10,000,Brent will provide a promissory note,payable in five years with full repayment of the principal and a 10% interest rate of return.Brent's Country Stand is the maker of the notes and about ten customers have purchased these promissory notes.Do these promissory notes qualify as securities? Why or why not?

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The Answer of Brent has opened a fruit and vegetable business named Brent's Country Stand,near an affluent suburban neighborhood.After six months Brent wishes to raise capital for expansion so he offers a number of his customers the following deal.If the individual gives Brent $10,000,Brent will provide a promissory note,payable in five years with full repayment of the principal and a 10% interest rate of return.Brent's Country Stand is the maker of the notes and about ten customers have purchased these promissory notes.Do these promissory notes qualify as securities? Why or why not?

Brent Has Opened a Fruit and Vegetable Business Named Brent's