The Howey test is used to determine if an arrangement is an investment contract.()
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A presentment is a demand for the acceptance of a dishonored instrument.()
Ross makes an offer to Elizabeth to sell his automobile to her for $10,000.In this case, Ross is the offeree and Elizabeth is the offeror.()
A member or a shareholder is the owner of a limited liability company.()
During the sale of a house, if the seller does not inform. the buyer about construction flaws of the house despite the buyer's inquiry, the seller is liable for fraud by concealment.()