Asked by Mireille Mathieu Ebode Nkoudou on Jun 25, 2024
Verified
Privity of contract is a principle that holds that a contract can only affect the immediate parties to it.
Privity of Contract
The principle that a contract confers rights and imposes liabilities only on its parties; no outsider can gain rights or be liable under it.
- Familiarize yourself with the basic rule of privity in contract law, its exemptions, and the contribution of novation.
Verified Answer
MP
makenzie prattJun 25, 2024
Final Answer :
True
Explanation :
Privity of contract is a legal principle that means a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to it.
Learning Objectives
- Familiarize yourself with the basic rule of privity in contract law, its exemptions, and the contribution of novation.