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The board of directors makes policy decisions concerning the operation of a corporation.()

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The Howey test is used to determine if an arrangement is an investment contract.()

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.()

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