contract act 1872 ..sorry other than companies act
Raghav Maheshwari (26 Points)
09 February 2018
meaning of privity of contract
Raghav Maheshwari (26 Points)
09 February 2018
nihanth reddy
(CA Student)
(93 Points)
Replied 09 February 2018
The doctrine of privity of contract is that a contract cannot confer rights or impose those obligations arising under it, on any person except the parties to it.
Example:If A makes a contract with B, he comes under a legal obligation to pay damages if he fails to keep his promise. The enforceability or liability as regards this contract lies firmly in the hands of A and B to the exclusion of others, this is the foundation of the doctrine of privity of contract.
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