Practice Privity Of Contract (2.7) - General Principles of Contracts Management

Practice: Privity of Contract

Lesson 2.7General Principles of Contracts Management

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8 questions

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3 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
2 questions · about 1 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
Define Privity of Contract.
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Think about who can sue or be sued.
Question 2.
What does it mean if a third party is mentioned in a contract?
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Revisit the exceptions to privity.
3Question 3.
What does the principle of Privity of Contract state?
- Anyone can sue under the contract
- Only parties to the contract can sue or be sued
- Third parties can freely enter the contract
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Think about who signed the agreement.
4Question 4.
True or False: A third party can always enforce a contract in which they are mentioned.
- True
- False
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Review when exceptions apply.
Question 5.
A company signs a contract with a supplier to deliver goods. The supplier's delay impacts a third-party retailer. The retailer wants compensation. Discuss the potential legal standing of the retailer.
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Examine how contractual clauses can affect third-party rights.
Question 6.
Draft a contract clause that facilitates enforcement by a third party under the Contracts (Rights of Third Parties) Act. Ensure it is legally sound.
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Look at previous clauses and standardized templates for guidance.

4 more questions in this section. Enroll free to practise them all.