Asked by
Cammi Fulliam
on Nov 27, 2024
Verified
Steel Mill Inc. and Transport Delivery LLC enter into a contract. UniOil Corporation will indirectly benefit from the deal. Under the principle of privity, UniOil has the right to
A) sue Steel Mill for breach.
B) require Transport to perform.
C) none of the choices.
D) demand performance from both original parties.
Privity
A relationship between parties that is sufficiently close to validate contracts or grant rights or obligations.
Indirectly Benefit
To gain advantage or profit in a secondary way from an action or event not directly involved with one's efforts.
- Examine the responsibilities and entitlements of third-party beneficiaries within the context of contract assignments.
- Comprehend the principle of privity of contract along with its exemptions.
Verified Answer
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Learning Objectives
- Examine the responsibilities and entitlements of third-party beneficiaries within the context of contract assignments.
- Comprehend the principle of privity of contract along with its exemptions.
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