Privity of Contract Applies in Which of the Following Situations

question 71

Multiple Choice

Privity of contract applies in which of the following situations?

• A)Where an insurance contract is involved
• B)Where a trust has been created
• C)Where a trust is involved
• D)Where an interest in land is involved
• E)Where goods are being sold

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Definitions:

QBO Vendors List

A feature in QuickBooks Online that allows users to manage and keep track of their vendors and supplier information.

Material Quality

The attribute or property of a material, indicating its ability to meet specified standards for use or production.

Time-Saving Feature

A functionality within a system or application that helps streamline processes to reduce the amount of time required to complete tasks.

Account Payable

Short-term financial obligations or debts a company owes to its creditors for goods and services received.