Examlex
Why have the two parties remained so resilient?
Explain two different factors that have facilitated their endurance.
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.
Investment Contracts
Agreements or schemes whereby an individual invests money with the expectation of profit primarily from the efforts of others.
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