The Doctrine of Privity of Contract
Posted on October 6, 2008 - Filed Under Law | Leave a Comment
At the heart of contract law is the concept of privity of contract. One of the fundamental tests of whether a contract binds a particular person is whether a relationship of privity exists.
Without privity there is no contractually binding obligation. The issue affects contract more with respect to enforcement than formation; a contract may exist but the crucial questions often overlooked are “who may sue” on the contract and “who is liable” under the contract? The question of privity is also a matter of logic. In a free society there is no obligation to enter into a contract for the most part. Hence, it is only logical, that the common law limits the scope of contractual rights and obligations to a narrow class of persons. Hence there are two parts to the rule:
Read More..>>The Doctrine of Privity of Contract
Posted on October 5, 2008 - Filed Under Law | Leave a Comment
At the heart of contract law is the concept of privity of contract. One of the fundamental tests of whether a contract binds a particular person is whether a relationship of privity exists.
Without privity there is no contractually binding obligation. The issue affects contract more with respect to enforcement than formation; a contract may exist but the crucial questions often overlooked are “who may sue” on the contract and “who is liable” under the contract? The question of privity is also a matter of logic. In a free society there is no obligation to enter into a contract for the most part. Hence, it is only logical, that the common law limits the scope of contractual rights and obligations to a narrow class of persons. Hence there are two parts to the rule:
Read More..>>Why You Need a Will
Posted on May 12, 2008 - Filed Under Law | Leave a Comment
This article describes how someone’s property is distributed under the intestacy laws of Pennsylvania should they die without a valid Will.
There’s an old adage that a person either devises his own plan in life or ends up as part of someone else’s. Because 50%-60% of the population never executes a Will, the majority of us will allow our state legislature to determine who is most deserving of our money, belongings, and real estate when we die. Why do otherwise intelligent people who work and save their whole lives fail to plan for the inevitable? Are we that trusting, that apathetic, that fearful, that cheap?
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