Social Psychology Has Virtually No Applications in Business,medicine,and Law

question 4

True/False

Social psychology has virtually no applications in business,medicine,and law.

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Definitions:

Privity of Contract

The principle that a contract is a private agreement between the parties involved and no one else.

Statutory Assignment

A legal transfer of a right or interest under a statute, allowing the assignee to enforce it.

Novation

The act of replacing an old obligation with a new one, thereby extinguishing the original obligation.

Privity of Contract Rule

A legal principle stating that only parties involved in the creation of a contract can sue or be sued under the terms of that contract.