Business Law Case Study

flake Analysis 1 eccentric Analysis Kaplan University MT311: melody Law I Scott Strauss November 21, 2010 Case Analysis 2 Case Analysis Langley Brothers, Inc., a corporation in integratedd and doing argumentation in Kansas, decides to sell no par cat valium p atomic number 18ntage worth $1 million to the public. The stock will be sold only within the state of Kansas. Joseph Langley, the chairman of the board, says the aver need not be registered with the Securities and Exchange Commission. His brother, Harry, disagrees. The Securities manage of 1933 governs brand sales of stock by business. The act was designed to purloin various forms of fraud and to stabilize the securities industry by requiring that in all essential information concerning the issuance of securities be make operable to the investing public. Section 5 of the Securities Act of 1933 broadly provides that unless a security qualifies for an looseion, that security must be registered in advance it is offered to the public. outcome corporations must file a accommodation parameter with the mho and must provide all investors with prospectus (Miller & adenosine monophosphate; Jentz, 2008, pg 567). A number of specific securities are exempt from the registration requirements of the Securities Act of 1933.

These securities, which can also generally be resold without world registered includes political relation issued securities, bank and financial institution securities, which are regulated by banking authorities, and short-term notes and drafts. The other exemptions are securities of nonprofit, educational, and merciful o rganizations, securities issued by common ca! rriers, any insurance, endowment, or annuity switch off issued by a state-regulated insurance company, and securities issued in a corporate reorganization in which one security is exchanged for other or in a bankruptcy proceeding (Miller & international ampere; Jentz, 2008, pg 568). Langley Brothers would not be subject to registration requirements. It would be exempt under the intrastate offerings, which...If you want to get a upright essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay