Philippine Bar review · Question

Practice question: Definition; Howey Test

Multiple Choice Easy

Practice question

Which instrument is expressly included in the statutory enumeration of securities under Section 3.1 of the Securities Regulation Code?
  1. An investment contract
  2. Every receipt for household groceries
  3. Every employment attendance sheet
  4. Every private diary
  5. Every restaurant reservation

Legal references

  • RA8799, Securities Regulation Code, Section3.1: https://lawphil.net/statutes/repacts/ra2000/ra_8799_2000.html
  • Power Homes Unlimited v. SEC, GR164182, February26 2008, main decision: https://lawphil.net/judjuris/juri2008/feb2008/gr_164182_2008.html
  • SEC v. Prosperity.Com, GR164197, January25 2012, main decision: https://lawphil.net/judjuris/juri2012/jan2012/gr_164197_2012.html

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