(Download) "Washington V. Saas" by Supreme Court of Washington # Book PDF Kindle ePub Free
eBook details
- Title: Washington V. Saas
- Author : Supreme Court of Washington
- Release Date : January 12, 1991
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 57 KB
Description
The State seeks review of the Court of Appeals determination that the respondent's guilty plea lacked a factual basis. Dolores Saas faced nine potential counts of securities fraud when, as part of a plea agreement, she pleaded guilty to one count of securities fraud. Prior to sentencing, she moved to withdraw her guilty plea. The trial court denied this motion. The Court of Appeals reversed. Without the benefit of briefing or argument by any of the parties, the Court of Appeals adopted the test in Reves v. Ernst & Young, 494 U.S. 56, 108 L. Ed. 2d 47, 110 S. Ct. 945 (1990) for determining when an instrument constitutes a "security". The court concluded the notes at issue were not securities under its application of the Reves test.