Examlex
A distinct group of organisms seen on the surface of the culture medium is called a(n) ________.
Family Resemblance Test
A legal test applied to determine whether a new financial instrument should be classified as a security under U.S. law.
Reves v. Ernst & Young
A significant court case that established a test for determining whether a transaction qualifies as a security under the securities laws.
Promissory Notes
Written promises to pay a specified sum of money to a certain entity or person at a specified time or on demand.
Howey Test
A test derived from SEC v. W.J. Howey Co. to determine if a transaction qualifies as an "investment contract" and thus is considered a security subject to certain regulatory requirements.
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