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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

An enterprise pools participants' money to operate rental facilities. Its managers acquire properties, negotiate leases, collect rents, and distribute investment returns. Each participant must update contact information quarterly and may recommend prospective tenants, but the expected returns depend primarily on the managers' operations. The enterprise argues that any participant activity defeats the investment-contract classification. Is that argument sound?

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No, because incidental participant tasks do not negate expected profits primarily from others' efforts Yes, because suggesting a tenant always makes the investor the principal entrepreneur Yes, because the test requires total investor inactivity Yes, because investments involving land are excluded

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