A Brief History of the 1930s Securities Laws in the United States
And the Potential Lesson for Today
Larry Bumgardner, Graziadio School of Business and Management, Pepperdine University
The Securities Act of 1933, one of the first laws enacted a
Contracts, Fall 2006
December 18, 2006
The exam is 32 hours long.
The exam is open book.
WORD PROCESSORS: (1) DOUBLE SPACE. (2) NUMBER YOUR PAGES.
WRITERS: (1) SKIP EVERY OTHER LINE; (2) WRITE ON ONLY ONE SIDE OF THE
(1) Assume McCartneys signed purchase agreement is an offer. Did
Sowle accept it?
(a) Under 2-207(1) an expression of acceptance operates as
an acceptance even if it contains additional terms, unless the
acceptance is made expressly conditional on assent