The Effect of the Doctrine of Privity of Contract Is

question 18

Multiple Choice

The effect of the doctrine of privity of contract is that

• A)a person who is not a party to a contract cannot obtain benefits or rights under it.
• B)a unilateral contract is unenforceable against parties who have privity.
• C)parties to a contract are protected by the law.
• D)a bilateral contract is unenforceable against a promisee.
• E)a person can obtain rights under a contract to which he or she is not a party.

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Definitions:

Conditional Contract

A contract that becomes enforceable only on the happening or termination of a specified condition.

Abandoned Property

Property that has been discarded by the owner, who has relinquished all rights, claims, and interests in it without the intention of reclaiming it.

Title To Property

Legal rights that prove ownership or possession of a specific piece of property, either real estate or personal property.

Bailed Property

Property given to someone for temporary safekeeping under a bailment agreement.