[Get Solution] Court Rule on the Legal Issue
Summarize the facts of the case; Identify the parties and explain each partys position; Outline the cases 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: Why was the Supreme Court unwilling to exclude contracts guaranteeing a fixed rate of return from the definition of security? 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 courts decision? If you disagree, provide an explanation of your reasoning.