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uranmaximum [27]
2 years ago
5

Under the​ _____ test, an arrangement is considered an investment contract if there is an investment of money by an investor in

a common enterprise and the investor expects to make profits based on the sole or substantial efforts of the promoter or others.
Social Studies
1 answer:
Ganezh [65]2 years ago
7 0

Answer:

Howey test

Explanation:

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This is not an example of a high-quality PLAAFP statement.

Explanation:

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