BUTTLER, Presiding Judge.
Plaintiff brought this action to recover money that he lost in a business venture. He alleges that he loaned defendant $25,000 and that defendant failed to repay him; alternatively, he claims that, if the money defendant obtained from him is characterized as an investment, it constituted a security under the Oregon Securities Law, ORS 59.005 to ORS 59.370, ORS 59.991 and ORS 59.995, and that defendant is liable under the registration and...
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