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Which of the following persons is not permitted to open an investment account?
i. a general partnership
ii. a corporation
iii. the executor of an estate
IV. a 16-year-old entrepreneur
Suggested Answer: D
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Only the 16-year-old entrepreneur is not permitted to open an investment account. As a minor, he is not a legal person. All the other selections are legal persons and can establish investment accounts.
16 comments · newest first
CA
Caitlin
11 months ago
I thought corporations could open accounts, but I guess not?
RE
Reuben
11 months ago
Why would a general partnership be restricted? Seems odd!
CE
Cecilia
11 months ago
Wait, can’t a 16-year-old have a custodial account?
CH
Cherrie
12 months ago
Totally agree, IV is definitely the right answer!
OR
Oretha
12 months ago
A 16-year-old can't open an investment account, that's a fact.
MI
Mirta
1 year ago
I'm a little confused by this question. I'll need to double-check the rules around minors and investment accounts to make sure I have the right understanding before answering.
RO
Roosevelt
1 year ago
I'm pretty confident the answer is D. A 16-year-old would not be allowed to open an investment account on their own, even if they are an entrepreneur. The other options seem to be permitted under the rules.
RO
Rosendo
1 year ago
Okay, let me think this through. A general partnership and a corporation can definitely open investment accounts, so those are out. The executor of an estate should be able to as well. That leaves the 16-year-old entrepreneur as the only one not permitted. I'll go with that.
DE
Desmond
1 year ago
Hmm, I'm a bit unsure about this one. I'll need to review the rules around who can open investment accounts to make sure I get this right.
AM
Amos
1 year ago
This question seems straightforward. I'll carefully read through the options and think about which one is the correct answer.
KR
Krissy
1 year ago
I’m leaning towards option D because I think minors usually can’t open investment accounts, but I’m not entirely confident.
TA
Talia
1 year ago
I feel like I’ve seen a question like this before, and I think the executor of an estate can open an account, but I could be wrong.
BA
Barrie
1 year ago
I remember something about partnerships and corporations being able to open accounts, but I can't recall the specifics for executors.
HE
Herman
1 year ago
I think the 16-year-old entrepreneur might not be able to open an account since they’re underage, but I’m not completely sure.
LA
Launa
1 year ago
Okay, I got this. The first priority is to make sure the digital evidence isn't tampered with or damaged. So option B is the way to go - document everything with photos first, then decide if you need to capture live data. Removing power or taking the devices could risk losing important information.
LO
Lorrine
1 year ago
If I recall, to ensure the hub is the designated router, you'd want to set its OSPF priority higher than the other remote sites. Definitely greater than 1, I think.