The Plaintiff Must Prove Privity of Contract to Recover Monetary

question 42

True/False

The plaintiff must prove privity of contract to recover monetary damages under Section 11(a)of the Securities Act of 1933.

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Definitions:

State Government

The organization through which political authority is exercised at the state level, governed by a state constitution, and composed of executive, legislative, and judicial branches.

U.S.Sentencing Commission

An independent agency of the judicial branch of the U.S. federal government responsible for establishing sentencing policies and practices for the federal courts, including guidelines on the sentencing of convicted offenders.

Federal Sentencing Guidelines

Rules set out by the federal government to determine the appropriate sentence for individuals and organizations convicted of federal crimes.

Judicial Discretion

The authority given to judges to make decisions based on what they believe is fair and in accordance with the law, especially in areas not explicitly outlined by statute.