Question: Dubois sold Hocking a condominium that included an option to
Dubois sold Hocking a condominium that included an option to participate in a rental pool arrangement. Hocking elected to participate in the arrangement. Under it, the rental pool's agent rented condominiums, pooled the income, and after deducting a management fee, distributed the income to the owners on a pro rata basis. Hocking brought a Rule 10b-5 fraud action against Dubois. Dubois contended that the sale of the condominium was not a security under the securities acts, so Hocking could not bring a securities suit against her. Was Dubois correct? [Hocking v. Dubois, 839 F.2d 290 (9th Cir.)]
Answer to relevant QuestionsWilliam Rubin, president of Tri-State Mining Co., sought a loan from Bankers Trust Co. To secure the loan, he pledged worthless stock in six companies and represented that the stock was worth $1.7 million. He also arranged ...Melvin J. Ford, president of International Loan Network, Inc. (ILN), promoted ILN’s financial enrichment programs to ILN members and prospective members with evangelical fervor at revival-style “President’s Night” ...Hicks, the president and manager of Intermountain Merchandising, wanted to sell the business to Montana Merchandising, Inc. To provide a basis for the transaction, he retained Bloomgren, an accountant, to conduct an audit of ...Discuss the power of a corporation president to employ a sales manager and to agree that the manager should be paid a stated amount per year plus a percentage of any increase in the dollar volume of sales that might take ...Willingham proposed to obtain an investment property for the Tschiras at a "fair market price," lease it back from them, and pay the Tschiras a guaranteed return through a management contract. Using a shell corporation, The ...
Post your question