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.
Illustrate the factors besides sharing of profits that suggest the existence of a partnership?
What do you mean by Federal Legislation?
What are the intentions to create Legal Relations?
Illustrate the types of bailment?
Explain the term Civil Liability in Torts?
What do you mean by Alternative Dispute Resolution?
Explain Export and Import Permits Act?
Explain the regulatory Protection of Creditors?
Illustrate the terms Trespass, Nuisance and Conversion?
What is Agency?
18,76,764
1932067 Asked
3,689
Active Tutors
1432804
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!