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12 January, 03:58

National steel, inc., and overland transport company enter into a contract. superior oil corporation, which will indirectly benefit from the deal, is prevented from having rights under the contract by the principle of

a. assignment.

b. delegation.

c. privity.

d. vesting.

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  1. 12 January, 04:22
    0
    C. Privity

    Privity is the legal term for a close, mutual, or successive relationship to the same right of property or the power to enforce a promise or warranty. It is an important concept in contract law.
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