Searsy v. Commercial Trading Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding commodity option contracts to be evidence of indebtedness because of representations made in the defendant’s literature
• noting that, “[a]lthough the final decision was left to the customer, he rarely had any choice but to follow the advice given him”
• noting that, “[a]lthough the final decision was left to the customer, he rarely had any choice but to follow the advice given him”
• noting that, “[a]lthough the final decision was left to the customer, he rarely had any choice but to follow the advice given him”
• noting “The term[ ] ‘evidence of indebtedness’ appear[s] to have been taken from an almost identical definition of ‘security’ in the Federal Securities Act of 1933.... ”
• explaining the defendants’ “business of selling ‘puts,’ ‘calls,’ and ‘double options’ on commodity futures contracts”

Source: CourtListener parenthetical corpus (CC0).