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Legal Environment 5th Edition by Jeffrey Beatty,Susan Samuelson
Edition 5ISBN: 978-1133587491Legal Environment 5th Edition by Jeffrey Beatty,Susan Samuelson
Edition 5ISBN: 978-1133587491 Exercise 1
Three months ago, Noah bought stock under Rule 506 in TreesNFlowers, Inc. He has lost interest in the company and would like to sell the stock. Which of the following statements is true?
A) He can sell the stock now, so long as he sells it to an accredited investor.
B) He can sell the stock now, so long as the company grants permission.
C) He must hold on to the stock for at least nine months.
D) He could sell the stock in three months, but only if the company goes public in the meantime.
A) He can sell the stock now, so long as he sells it to an accredited investor.
B) He can sell the stock now, so long as the company grants permission.
C) He must hold on to the stock for at least nine months.
D) He could sell the stock in three months, but only if the company goes public in the meantime.
Explanation
Verified
Verified
is correct.
"Three months ago, N bough...
Legal Environment 5th Edition by Jeffrey Beatty,Susan Samuelson
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