PricelineCom Is an Example of a Clearinghouse Used by Consumers

question 4

True/False

Priceline.com is an example of a clearinghouse used by consumers.

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Definitions:

Securities Act of 1933

A U.S. federal law enacted to require transparency in financial statements so investors can make informed decisions regarding securities investments; it also introduced regulations to prevent fraud.

Public Distribution

The system of distributing goods and services to the public through government channels, often at subsidized rates.

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.