Examlex
During the first month after Eli was hired as a computer technician, he found the work very satisfying and had a positive attitude about the job. After a few months however, Eli found his job satisfaction was lower than it had originally been, although he still felt positively about his job on most days. Which phenomenon explains Eli's experience?
Privity of Contract
A legal principle indicating that only the parties involved in the contract have the rights and obligations under it.
Section 12(A)(2)
A provision under the Securities Act of 1933 that imposes liability on sellers for making false or misleading statements in the sale of securities.
Securities Act of 1933
A U.S. federal law, also known as the "truth in securities" law, which requires that investors receive financial and other significant information concerning securities being offered for public sale.
Qualified Opinions
In the context of auditing, these are statements made by an auditor expressing certain reservations about the financial health or the bookkeeping practices of a firm while generally certifying the financial statements as accurate.
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