If a Third Party Will Be Affected by a Contract

question 22

True/False

If a third party will be affected by a contract, the parties to the contract are in privity with the third party.

---

Definitions:

Truman Administration

The presidential term of Harry S. Truman, from 1945 to 1953, characterized by historic events such as the end of World War II and the beginning of the Cold War.

African Americans

A racial or ethnic group in the United States with ancestry from the black racial groups of Africa, whose history and culture have significantly shaped American society and politics.

1945-1954

This period marks the aftermath of World War II and the onset of the Cold War, witnessing significant political, social, and economic changes globally.

Economic Boom

A period of significant economic growth and prosperity within a country or region, characterized by increases in employment, production, and consumer spending.