Marshall Statutory Law

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Marshall is considering raising money for his business by selling stock in the company. The law that governs this transaction is the statutory and administrative law at both the federal and state level. Anytime practices involve selling company stock to the public; it becomes a security law (Melvin & Katz, 2014). According to the legal information institute at Cornell University (1992), administrative law encompasses laws and legal principles that govern and regulate government agencies. These rules occur for both the federal and state. Statutory law is involved in this because it deals with the executive branch enacted by the legislature as stated before.
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