Explain privity of Contract
What do you mean by privity of Contract?
Expert
In general, the privity of contract rule stipulates that a contract does not confer any benefits or place any obligations on a 3rd party. This type of 3rd party could also be banned from suing on the contract. Outlines the rationale for the privity rule and some of the reasons why the courts have found it to be problematic.
1. Only the people who create the contract should have a say in its disposition.
2. Third parties have not given consideration.
3. The rule prevents undue numbers of lawsuits on a single contract.
What do you mean by Electronic Banking?
Write short note on The Litigation Process?
Describe how business decision has legal repercussions?
Did the Breach Cause the Harm?
What are the different ways by which an Offer may be terminated?
Explain what do you mean by Easements?
Explain Regulation of Labelling, Product Safety and Performance Standards?
What are the types of personal property?
Explain the Bankruptcy and Insolvency Act?
What will happen when misunderstandings about the meaning of words?
18,76,764
1927454 Asked
3,689
Active Tutors
1414417
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!