Asked by labiba rabbi on May 31, 2024
Verified
Privity of contract establishes the basic principle that contracting parties have a right to privacy in the information expressed in their contracts.
Privity of Contract
A legal doctrine that stipulates that only parties in a contract have the right to sue or be sued on the contract terms.
Right to Privacy
The right of individuals to keep their personal matters and relationships confidential and free from public view or intrusion.
- Familiarize oneself with the concept of privity in contracts and the exclusions that apply.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
False
Explanation :
Privity of contract is a legal principle which states that contracts are binding only upon the parties signing the agreement, and that no third party can enforce or be required to comply with the terms of the contract, unless they are lawfully entitled to do so. It does not relate to privacy of information within the contract.
Learning Objectives
- Familiarize oneself with the concept of privity in contracts and the exclusions that apply.