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Business Organizations Keyed to Macey
Securities and Exchange Comm’n v. Ralston Purina Co.
Citation:346 U.S. 119 (1953)
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- The Brief Prologue provides necessary case brief introductory information and includes:
- Topic: Identifies the topic of law and where this case fits within your course outline.
- Parties: Identifies the cast of characters involved in the case.
- Procedural Posture & History: Shares the case history with how lower courts have ruled on the matter.
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- Brief Facts: A Synopsis of the Facts of the case.
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- Facts: What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case. Review the Facts of this case here:
Ralston Purina manufactures and distributes various feed and cereal products. At least since 911 the company has had a policy of encouraging stock ownership among its employees. A corporate resolution authorized the sale of common stock to employees who shall without any solicitation by the company or its officers or employees inquire of any of them as to how to purchase common stock of Ralston Purina company. A memorandum sent to branch or store managers after the resolution was adopted advised that the only employees to whom this stock will be available will be those who take the initiative and are interested in buying stock at present market prices. The company bottoms its exemption claim on the classification of all offerees as key employees in its organization.
- Issue(s): Lists the Questions of Law that are raised by the Facts of the case.
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- Reasoning and Analysis: Identifies the chain of argument(s) which led the judges to rule as they did.
- The Brief Prologue closes the case brief with important forward-looking discussion and includes:
- Policy: Identifies the Policy if any that has been established by the case.
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