Canvas O X 2 A Question 19 5 pts Arnold is the sole stockholder of a privately-held corporation. Arnold wishes to sell stock in his corporation to a limited number of individuals. Can Arnold do so without registering the stock offering with the SEC? Yes, but only if Arnold offers the stock to just friends and family. Yes, but only if Arnold qualifies for a Crowdfunding exemption. Yes, if Arnold qualifies for an exempt offering. No, any security offered to the public must be registered first with the SEC. Question 20 5 pts Nicholas operates a dating web site out of his basement in Omaha, Nebraska. Unfortunately, Nicholas uses a name for his site that is confusingly similar to an already established online dating site. The other site sued Nicholas for trademark infringement in New York, where the established site's headquarters are located. The other site claims that out of the 10,000 members registered on Nicholas's site, 7 reside in New York. Does the New York court have jurisdiction over Nicholas and his business? Not without evidence that Nicholas purposely targeted New York residents for his site. Yes; lawsuits must always be brought in the state in which the party initiating the lawsuit is located. No; lawsuits must always be initiated in the state in which the party being sued is located. Yes, since Nicholas's site has registered users located in New York. MacBook Pro Fa F5 F6 F7 F8 EA % & N 4 5 6 8 9