When using equity financing from family and friends:
A)business arrangements should be in good faith.
B)details such as terms of the investment and rights of the investor need not be in writing.
C)they can be more patient than other investors in when they expect a return on investment.
D)since the amount of money is usually small,they do have an ownership position in the venture.

Question

Quizplus · Accepted Answer

The Answer of When using equity financing from family and friends:
A)business arrangements should be in good faith.
B)details such as terms of the investment and rights of the investor need not be in writing.
C)they can be more patient than other investors in when they expect a return on investment.
D)since the amount of money is usually small,they do have an ownership position in the venture.

When Using Equity Financing from Family and Friends