Set forth the three tests under which a general partnership may be found to be a security?
Courts have found a general partnership interest to be a security if it meets any of the following three tests:
1 . The partnership agreement leaves so little power to the partners that the arrangement is tantamount to a limited partnership.
2 . The investor is so inexperienced in business affairs that he or she is incapable of intelligently exercising his or her partnership powers.
3 . The investor is so dependent on the unique management ability of the promoter or manager that he or she cannot replace the manager or exercise meaningful partnership powers.
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For fraud to occur, usually three elements are necessary: pressure, opportunity, and _______
a. excitement b. guidance c. rationalization d. money
The practice of ________ involves a firm injuring competition by charging different prices to different members of its distribution channel
A) price fixing B) price lining C) price bundling D) deceptive pricing E) price discrimination
Loyal employees report less job tension than employees whose loyalty is low.
Answer the following statement true (T) or false (F)
A barge owned by Oceanic Shipping Company discharges some of the oil contained in its hold into the sea and onto the shore. Under the Oil Pollution Act, this is most likely
a. a violation. b. not a violation because an oil discharge is not pollution. c. not a violation because a floating barge is not a stationary source. d. not a violation because a ship's hold is not a point source.