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Privity of Contract Refers to the Transfer of Contractual Rights

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Privity of contract refers to the transfer of contractual rights by an obligee to another party.


Definitions:

Status Variables

Variables that indicate or reflect an individual's social or professional position, often used in research to examine effects of social status on various outcomes.

Psychological Treatments

Therapeutic interventions designed to address and alleviate mental health issues primarily through verbal communication, behavior modification, and cognitive restructuring.

Independent Variable

The variable in an experiment that is manipulated or changed to observe its effect on the dependent variable.

Placebo Treatment Group

A group of participants in a research study who receive a sham or inert treatment, allowing researchers to measure the placebo effect.

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