(Download) "Mcclellan V. Sundholm" by Supreme Court of Washington # Book PDF Kindle ePub Free

eBook details

Title: Mcclellan V. Sundholm
Author : Supreme Court of Washington
Release Date : January 19, 1978
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 56 KB

Description

This appeal raises the question whether a scheme for the sale of silver bullion for investment purposes involves the sale of a security which must be registered under Washington's securities act. Sale of an unregistered security is unlawful under RCW 21.20.140 and subjects the seller to civil liabilities under RCW 21.20.430(1). We hold that the silver purchase scheme in this case was a scheme for the sale of a security within the meaning of the securities act, and the seller of the unregistered purchase agreement, respondents here, is liable to