Privity of contract
Privity of contract
- Created by: sophie hopwood
- Created on: 16-04-11 14:12
Other questions in this quiz
2. 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.
- It is where a 3rd party agrees that they will take over all the responsibilities of one of the parties to a contract
- It is where one party to a contract delegates the performance of some of its obligations to a 3rd party.
3. 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.
- Because the common law exceptions are more important than the 1999 Act
- Because the 1999 Act was designed to reduce the number of 3rd party claims under contract law
4. Which of the following exceptions to the rule of privity of contract is not based on contract law but on another area of law altogether?
- Collateral Contracts
- Trusts & Equity
- The tort of negligence
- Agency
5. 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?
- Yes, because the contract is for C's benefit.
- No, because C has provided no consideration
- No, because the contract is not written down.
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