You recently sold 100 shares of your new company, XYZ Corporation, to your brother at a family reunion.At the reunion your brother gave you a check for the stock and you gave your brother the stock certificates.Which of the following statements best describes this transaction?

Question

Quizplus · Accepted Answer

This is an example of a direct transfer of capital. The shares were sold directly from the seller (you) to the buyer (your brother) without involving any intermediary or exchange. The transaction also involved the transfer of funds (check) from the buyer to the seller.

You Recently Sold 100 Shares of Your New Company, XYZ