Privity of Contract Is a Principle That Holds That a Contract

question 72

True/False

Privity of contract is a principle that holds that a contract can affect only the immediate parties to it.

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Definitions:

Limitations

Legal restrictions, often related to the time within which legal proceedings must be initiated.

Parental Consent

Legal authorization that a parent or guardian gives for their child to participate in certain activities or to receive certain medical treatments.

Terminally Ill

A condition in which an individual is facing a disease or illness that is incurable and likely to lead to death.

Common Law Marriages

A legally recognized marriage without formal ceremony or license, based on the couple's cohabitation and presentation as married to the public.