Assignment:
Q1. What criteria do the courts use to determine whether an instrument or transaction will be called a security?
Q2. Which securities must be registered under the 1933 Act? Explain.
Q3. Which securities are exempt from registration under the 1933 Act? Explain.
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.