¶ … Private University is selling a share, or something else. At the outset of the Act, "security" is defined as "any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate…" and many others are subject to the law. The key is that the security creates a share of income for the holder, whether in the form of debt or equity. Options for later purchase are also included in the definition of security.
The asset in question is a "share" that entitles the bearer to college credits in any school at the future date. A college credit is not a claim to a cash flow, nor it is claim to equity. Therefore, this is not a security. Rather, it is a coupon by which a product can later be acquired. There is no difference between this asset and a gift card from Starbucks that entitles the bearer to a latte at a future date.
If the university is a for-profit entity, this does not change the answer. This "share" is still a gift certificate, not a security. There is no underlying interest. The "share" is redeemable for college credit, which is neither ownership nor cash flow. Instead, college credit is the service that this company produces. The right to purchase a product at a later date is not a security.
2. The best way to determine whether or not the acquisition of T-Mobile by AT&T would have constituted a violation of antitrust laws is to examine the effect of that proposed acquisition on the competitiveness of the industry. The Federal Trade Commission (FTC)...
Customer Roles At least three customer roles are needed for a marketplace transaction: (Ibid) 1. Buying, choosing a particular product or service; 2. Closing sale by paying for product or service; 3. Consuming or using product or service. Subsequently, one customer may be a buyer, a payer, or a user; or each of these roles may be filled by an organization; various individuals; or different departments. During the process of transforming a showroom visitor to
(Illicit Drugs or Nutritional Supplements?) It is more likely that some illegal gratification was sought and not received and that led to this action. Since this was also a case for medicines, one should also be careful of the problems that may come up. Module-9 1. Staffing What has been stated earlier is that it would be better to leave the enterprise to operations by South Africans and in that case, they
Private Property & the Commons of 16th Century Spain Private Property in 16th Century Spain Historically, 16th-century Castile was considered to be fundamentally an urban society that depended on cities and towns for the articulation of its local and centralized administration (Elliott, 1991). Privilege was considered to be a matter of a priori rights founded on traditions associated with nobility and wealth. The lower social stratum was maintained in order to provide
(Security Guards and Gaming Surveillance Officers) Thus there is a lot of increase in demands from channel members and the possibility if that there is a demand from them to provide them with lower priced products. Even existing marketing companies like Scott Paper Company are facing this problem. There are wholesaler sponsored voluntary chains, and retailer cooperatives which are likely to put pressure on a new manufacturer. (the Environment
Universities Approach to Environmental Sustainability and How it Enhances Their Brand Values There are many debates that seem to capture the attention of the world quite as spectacularly as Environmental Concerns have. The ultimate result of such a mass attention to a topic has meant that much media coverage besides the administrative and Government Level Attention has been given in this direction, with the ultimate aim of finding a solution of
Judicial Review for Private Property The role that has been played by the judicial review when it comes to protecting the rights of private property was discussed by Daniel Cole in "Political Institutions, Judicial Review, and Private Property: A Comparative Institutional Analysis." The tension which exists between property rights and democracy was examined by Cole in his article. Cole starts by focusing on the concerns shown by Madison regarding the protection
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