Section 2

Citation: Section 2
Parent Document: United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
Jurisdiction: United States (federal)
Effective Date: 1975-10-06
Original Source: https://www.courtlistener.com/opinion/109272/united-housing-foundation-inc-v-forman/ ↗

Other Sections in This Document (195)

United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975)
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*858There is no doubt that purchasers in this housing cooperative sought to obtain a decent home at an attractive price. But that type of economic interest characterizes every form of commercial dealing. What distinguishes a security transaction — and what is absent here — is an investment where one parts with his money in the hope of receiving profits from the efforts of others, and not where he purchases a commodity for personal consumption or living quarters for personal use.25 *859III