A salesperson is offering promissory notes for a company selling coffee at drive-through kiosks. The notes pay a 13% interest rate and mature within 9 months. The salesperson tells a potential investor that the motes are risk-free and that the kiosks are collateral that secure the note. The salesperson is not registered in the state and notes are not registered in the state.
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Home » Business » A salesperson is offering promissory notes for a company selling coffee at drive-through kiosks. The notes pay a 13% interest rate and mature within 9 months.