Share
1. Traditionally, only parties to a contract had rights and liabilities under the contract. This was known as the principle of ___. 2
Question
1. Traditionally, only parties to a contract had rights and liabilities under the contract. This was known as the principle of ___.
2. Match the term with the correct definition.
Assignment Transferring
all of the duties arising under a contract to another person
Delegation Transferring all the rights arising under a contract to another person
in progress
0
Physics
3 years
2021-08-04T05:33:06+00:00
2021-08-04T05:33:06+00:00 1 Answers
23 views
0
Answers ( )
Answer:
Privity of contract, Assignment
Explanation:
Privity of contract is the relationship that exist between the parties to a contract which allows them to sue each other meanwhile it prevents a third party from doing so. It is a common law principle which provides that a contract cannot confer rights or impose obligations upon any person who is not a part to the contract.
Assignment: This is the act of transferring all or part of one’s rights arising under a contract to another another person.