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:

Concentration Ratio

Concentration ratio is a measure of the total output produced in an industry by a given number of firms, indicating the level of market competition.

Sales

The activities involved in selling goods or services to consumers or other businesses, generating revenue.

Concentration Ratio

A measure of the total output produced in an industry by a given number of firms, used to assess the level of market concentration and competition.

Corporate Concentration

The degree to which a small number of firms control a large market share of the total output or sales within an industry.