A Relationship of Direct Involvement Between Parties to a Contract

question 22

True/False

A relationship of direct involvement between parties to a contract is known as privity.

---

Definitions:

Status

The social position or ranking an individual holds within a society or group, often determined by factors like occupation, wealth, or family background.

Role

The behavior expected of an individual who occupies a given social position or status.

Status-role Complex

A concept in sociology that describes how an individual's social position (status) entails certain behaviors, expectations, and responsibilities (roles).

Interaction

The exchange or influence between two or more individuals, groups, or systems within a social context.