answersLogoWhite

0

AllQ&AStudy Guides
Best answer

Privity of consideration: In England consideration must move from the promisee. If it is furnished by any other person ,the promisee becomes a stranger to the consideration and,therefore,cannot enforce the promise promisee seeking to enforce an agreement must show that he himself furnished the consideration for the promise give by the other party.The principle is known as the doctrine of privity of consideration.

This principle is not applicable in INDIA.

Privity of contract : A contract cannot confer any right on one who is not a party to the contract even though the very object of the contract may have been to benefit him.Only a person who is party to a contract can sue on it.

This principle is applicable in INDIA.

This answer is:
Related answers

Privity of consideration: In England consideration must move from the promisee. If it is furnished by any other person ,the promisee becomes a stranger to the consideration and,therefore,cannot enforce the promise promisee seeking to enforce an agreement must show that he himself furnished the consideration for the promise give by the other party.The principle is known as the doctrine of privity of consideration.

This principle is not applicable in INDIA.

Privity of contract : A contract cannot confer any right on one who is not a party to the contract even though the very object of the contract may have been to benefit him.Only a person who is party to a contract can sue on it.

This principle is applicable in INDIA.

View page

Privity refers to the legal term for a close, mutual, or successive relationship.

View page

The term is privity. For many years if there was not privity, a contract between the two parties, there was no ability to hold them responsible for damages. Buick v. McPherson stated that there was no requirement for privity to bring suit.

View page

Privity of contract means actually being a part of the agreement. You cannot put obligations on someone that is not a party to the agreement.

View page

looking at the case law and other authorities do you think that contract law today is based on yhe three principles of privity of contarct,sanctity of contarct andfreedom of contract

View page
Featured study guide
📓
See all Study Guides
✍️
Create a Study Guide
Search results