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The Effect of the Doctrine of Privity of Contract Is

question 20

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The effect of the doctrine of privity of contract is that a unilateral contract is unenforceable against the promisee.


Definitions:

Net Income

The total earnings of a company after accounting for all expenses and taxes; also known as net profit.

Net Sales

represents the amount of sales revenue remaining after deducting returns, allowances for damaged goods, and discounts.

Percentage Increase

A mathematical calculation that determines the degree of growth of a figure or value in comparison to its original amount, expressed as a percentage.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from total revenue, indicating the company's profit.

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