Moreover, courts may interpret laws differently in different jurisdictions, meaning that a single federal agency could
ostensibly have to meet several different federal guidelines Derthick, p. 131. In both the SSI and the review scenarios, court involvement complicated the agency's task, with some…… Private University is selling a share, or something else. At the outset of the Act, "security" is defined as "any note, stock, treasury stock, security future, security based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit sharing agreement, collateral trust certificate…" and many others are subject
to the law. The key is that the security creates a share of income for the holder, whether in the form of debt or equity. Options for later purchase are also included in the definition of security. The asset in question is a "share" that entitles the bearer to college credits in any school at the future date. A college credit is not a claim to a cash flow, nor it is claim to equity. Therefore, this is not a security. Rather, it is a coupon by which a product can later be acquired. There is no difference between this asset……The home security market offers many plug and play equipment packages that center around an audible alarm to deter intruders who trigger a door or window sensor.