Privity of Contract Is a Direct Contractual Relationship Between the Parties

question 134

True/False

Privity of contract is a direct contractual relationship between the parties.

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Definitions:

Abstract Qualities

Attributes or concepts that are not tangible or concrete, such as ideas, values, and emotions, and require a level of abstract thinking to understand.

Objective Theory of Knowledge

A perspective in epistemology that suggests knowledge is based on objective facts, independent of individual perceptions or beliefs.

Evaluativist Theory

A perspective in cognitive development that emphasizes the role of evaluation in understanding and interpreting information or beliefs.

Formal Operational Thinking

The stage in cognitive development (typically occurring from age 12 onwards) where individuals develop the ability to think abstractly, logically, and systematically.