Lynn, with a new degree in culinary arts, planned to start a catering

QUESTION

Lynn, with a new degree in culinary arts, planned to start a catering business. Her mother, a chef in a French restaurant, offered to lend her $50,000 in return for a 30% share in the business and partial ownership.

In this case, her mother is a venture capitalist. Indicate whether the statement is true or false

ANSWER

TRUE