In Reves v. Ernst & Young, the Court adopted the __________ in order to determine whether a promissory note fell under the jurisdiction of securities laws.

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In Reves v. Ernst & Young, the Supreme Court adopted the "family resemblance test" to determine whether a promissory note is considered a security under the Securities Laws. This test involves analyzing whether a note bears a resemblance to items traditionally considered securities, with certain notes presumed to be securities unless they bear a strong resemblance to a family of instruments that are not considered securities.

In Reves V