Examlex
What is line C pointing to?
Privity of Contract
A principle stating that only the parties involved in the contract have the rights and obligations under that contract.
Novation
The act of replacing an existing obligation with a new one, thereby extinguishing the original contract and creating a new agreement.
Statutory Assignment
refers to the legal transfer of rights from one party to another, based on statutory laws rather than contractual agreement.
Equitable Assignment
The transfer of future rights to benefits in a contract to another party, recognized by equity courts.
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