Privity of Contract Is a Principle That Holds That a Contract

question 148

True/False

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

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Definitions:

Professionalization

The process of developing or elevating an occupation to a professional status, requiring specialized knowledge and often formal qualifications.

Credentials

Certifications or qualifications that prove a person's identity or qualifications in professional or academic fields.

Occupation

Pertains to an individual's regular activity or profession that they are trained for and perform for pay.

Affirmative Action

Policies or practices within organizations aimed at increasing opportunities for historically marginalized groups by considering those group memberships in decisions.