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Chief Justice John Marshall had a strong conviction that
Privity of Contract
The principle that a contract is a private agreement between the parties who have entered into it, and no one else can claim benefits or be subjected to its obligations.
Voidable Contract
A legal agreement that may be declared invalid by one party due to certain conditions such as misrepresentation or lack of consent.
Executory
Pertaining to a contract, a term describing obligations that have not yet been performed by one or more parties.
Express Contract
A written or spoken agreement in which all terms are explicitly stated.
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