1. Which of the following is NOT a recognized exemption to the registration requirements for securities as defined by the Securities Exchange Commission?
(a) family purpose;
(b) intrastate offering;
(c) private placement;
(d) small business.
2. Administrative law agencies usually have three types of authority. They are:
(a) executive, common law, and statutory;
(b) executive, legislative, and judicial;
(c) common law, statutory law, and UCC;
(d) common law, statutory law, and case law.