In order for an investment contract to be classified as a security,which of the following is required?

Question

Quizplus · Accepted Answer

In order for an investment contract to be classified as a security, all three requirements of an investment of money, a common enterprise, and the expectation of profit from the efforts of others must be met. Therefore, option D, which includes all three requirements, is the correct choice. Option E, which only includes an investment of money and the expectation of profit from the efforts of others, is not sufficient as it does not include the requirement of a common enterprise.

In Order for an Investment Contract to Be Classified as a Security,which