Ask Question
10 May, 09:07

When an agent enters into a contract on behalf of a principal and this matter is fully disclosed there is privity of contract between the principal and the third-party, true or false?

+4
Answers (1)
  1. 10 May, 12:48
    0
    Privity of contract provides a relation between the parties to contract and restricts third party from entering.

    Explanation:

    This statement is False as a contract is no more private if it is disclosed to any other third party. As legal rights and obligations are imposed between parties, agent is not beneficial from contract. This doctrine of privity of contract prevents any third party from entering and enforcing some other person's rights in contract.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “When an agent enters into a contract on behalf of a principal and this matter is fully disclosed there is privity of contract between the ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers