Privity of Contract Is

question 37

Multiple Choice

Privity of contract is

• A) the relationship between the parties to a contract and a third party.
• B) the consideration that a third party may bring to a contract.
• C) the relationship that exists between a third party and one of the parties to a contract.
• D) the relationship that exists between parties to a contract.
• E) the liability of parties to a contract to a stranger or third party.

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Definitions:

Demographic Trends

Patterns of changes in population characteristics over time such as age, race, and gender distributions.

Culturally Diverse

Referring to the inclusion of individuals from a variety of cultural, ethnic, and racial backgrounds, enhancing creativity and problem-solving within groups or organizations.

Stereotypes

Oversimplified generalizations about groups of people without regard for individual differences.

Workplace Diversity

The inclusion of individuals from a wide range of backgrounds, cultures, and perspectives in a professional setting, enhancing creativity and problem-solving.