Author Question: The 1946 case Securities and Exchange Commission v. Howey, the Supreme Court established a test to ... (Read 63 times)

james · **on:** Jun 24, 2018

The 1946 case Securities and Exchange Commission v. Howey, the Supreme Court established a test to determine when an investment is a security for the purposes of federal regulation. The test has:
a. four basic elements
b. convoluted and difficult to understand terms c. no practical applications
d. one basic element e. two basic elements

Question 2

The purpose of a Chapter 11 bankruptcy is to distribute all of the debtor's assets as efficiently as possible.
a. True
b. False
Indicate whether the statement is true or false