Which of the Following Is NOT an Exception to the Doctrine

question 17

Multiple Choice

Which of the following is NOT an exception to the doctrine of privity of contract?

• A)Estoppel.
• B)Negotiable instruments.
• C)A lease.
• D)A contract for the sale of land.

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Definitions:

Monopolistic Competition

A market structure characterized by many sellers offering differentiated products, leading to competition that is neither purely competitive nor purely monopolistic.

Oligopoly

A market structure characterized by a small number of firms dominating the market, which can limit competition and lead to higher prices.

Oligopolistic Market

A market structure characterized by a small number of large firms dominating the market, leading to limited competition and possibly collusive behavior.

Homogeneous

Describes products or items that are uniform in nature and cannot be differentiated from one another.