The Legal Environment of Business: Text and Cases (MindTap Course List)
The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 28, Problem 1BS
Summary Introduction

Case s ummary: A company EHI is incorporated and is doing its business in Florida. The company decided to sell common stock of $1million, worth to the public. The stock was sold to the public within the state of Florida. Person JE chairing the board, offered that the securities need not be registered with SEC. The offer was disagreed by his brother GU.

To f ind: Person whose offer is valid in accordance with the law.

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