What Is the Doctrine That Prevents a Person from Suing

question 13

Multiple Choice

What is the doctrine that prevents a person from suing or being sued for breach of a contract to which they are not a party?

• A)The doctrine of novation
• B)The doctrine of reception
• C)The doctrine of privity of contract
• D)The doctrine of conditional contracts

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Definitions:

Coefficient

A numerical or constant value that multiplies a variable in a mathematical expression, often used in equations to represent the relationship between variables.

Price Elasticity of Demand

An indicator of the sensitivity of the demand for an item to adjustments in its pricing.

Perfectly Inelastic Demand

Product or resource demand in which price can be of any amount at a particular quantity of the product or resource that is demanded; when the quantity demanded does not respond to a change in price; graphs as a vertical demand curve.

Perfectly Elastic Demand

Product or resource demand in which quantity demanded can be of any amount at a particular product or resource price; graphs as a horizontal demand curve.