Answered: the effect of the doctrine of privity…

Business

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the effect of the doctrine of privity of contract is that

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

the effect of the doctrine of privity of contract is that

a. a person who is not a party to a contract cannot obtain benefits or rights under it

b. a unilateral contract is unenforceable against parties who have privity

c. parties to a contract are protectred by the law

d. a person can obtain rights under a contract for which he or she is not a party

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