Privity of Contract Applies in Which of the Following Situations

question 174

Multiple Choice

Privity of contract applies in which of the following situations?

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

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Definitions:

Retroactive Interference

Occurs when new information hinders the ability to remember older information.

Chunking

A memory technique that involves grouping information into manageable and meaningful units to enhance retention and recall.

Short-Term Memory

A component of memory where small amounts of information can be stored for a brief period of time.

Capacity

is the maximum amount that something can contain or the ability of an individual or entity to perform tasks or roles.