Privity of contract

Privity of contract

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In law, what is an agent?
A person who acts on behalf of another person, known as a principal.
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What does an assignment of a contract involve?
It is where one party to a contract transfers the benefit of the contract (i.e the right to be paid) to a 3rd party.
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Why do we need to learn aout the common law exceptions to the privity rule now that the Contracts (Rights of Third Parties) Act 1999 exists?
Because the 1999 Act does not automatically apply to all siutations in which the privity rule can cause problems.
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If A agrees with B that she will pay £50 a month to C in return for the use of B's car, can C enforce that contract?
No, because C has provided no consideration
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Other cards in this set

Card 2

Front

What does an assignment of a contract involve?

Back

It is where one party to a contract transfers the benefit of the contract (i.e the right to be paid) to a 3rd party.

Card 3

Front

Why do we need to learn aout the common law exceptions to the privity rule now that the Contracts (Rights of Third Parties) Act 1999 exists?

Back

Preview of the front of card 3

Card 4

Front

If A agrees with B that she will pay £50 a month to C in return for the use of B's car, can C enforce that contract?

Back

Preview of the front of card 4

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