Why was the Supreme Court unwilling to exclude contracts guaranteeing a fixed rate of return from the definition of security?
In complete sentences respond to the following prompts: Please see the case – Click here -https://supreme.justia.com/cases/federal/us/540/389/ – Summarize the facts of the case; – Identify the parties and explain each party’s position; – Outline the case’s procedural history including any appeals; – What is the legal issue in question in this case? – How did the court rule on the legal issue of this case? – What facts did the court find to be most important in making its decision? – Respond to the following questions: 1. Why was the Supreme Court unwilling to exclude contracts guaranteeing a fixed rate of return from the definition of security? 2. Are mortgage notes securities when they are sold with a package of management services and a promise to repurchase the notes in the event of default? – Do you agree or disagree with the court’s decision? If you disagree, provide an explanation of your reasoning.