Which of the following is NOT a person as defined by the Uniform Securities Act? A) A small unincorporated investment club.
B) Guelph, a small city outside of Toronto, Ontario, that maintains an investment account at a brokerage house to invest surplus funds.
C) A child prodigy for whom his mother, as custodian, opened an account at a major securities firm.
D) XYZ Dry Cleaners, Inc., whose shareholders all work on the premises and also offer financial advice to customers who request it.

C) A child prodigy for whom his mother, as custodian, opened an account at a major securities firm.

Explanation:

The Uniform Securities Act is statute that guides state on how they design their securities laws. The Security and Exchange Commission set up these guides to protect investors from securities fraud at the state level

According to the Uniform Securities Act a person is an individual, trust, corporation, unincorporated company, government, or a division of government that enters into a legal contract.

A child is not able to enter into a legally binding contract, so they are not considered to be a person according to the Uniform Securities Act.

An adult can be the only individual considered as a person. They can open the account on behalf of the child

answer; the correct answer is (0.08);

answer: life insurance

explanation: