Explain the Concept of Privity of Contract as It Relates

question 15

Essay

Explain the concept of privity of contract as it relates to products liability theory and how the concept has evolved since MacPherson v. Buick Motor Co.

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Definitions:

Unit Of Account

A standard numerical monetary unit of measurement that provides a consistent way of valuing goods, services, assets, or liabilities within an economy.

Intrinsic Worth

Intrinsic Worth is the inherent value of something, recognized independently of its value to others or practical utility.

Federal Prisons

Government-run facilities responsible for incarcerating individuals convicted of federal crimes.

Plastic-And-Foil Pouches

Packaging materials made by combining plastic and aluminum foil to enhance preservation and protect contents from external elements.