Sentence examples for privity of from inspiring English sources

In the second type of arrangement, the contractual instruction has a limited value in the sense that the privity of contract rules out the possibility of third party protection - unless explicitly arranged.

The word "conscience" derives etymologically from the Latin conscientia, meaning "privity of knowledge" or "with-knowledge".

the Law Commission published Consultation Paper No. 121 "Privity of Contract: Contracts for the Benefit of Third Parties", which proposed a similar change, and, in July 1996, the final report (No. 242), along with a draft bill, were published.

In 1991 the Law Commission published Consultation Paper No. 121 "Privity of Contract: Contracts for the Benefit of Third Parties", which proposed a similar change, and in 1996 the final report (No. 242), along with a draft Bill, were published.

The original doctrine of privity consisted of two rules - first, that a third party may not have obligations imposed by the terms of a contract, and second, that a third party may not benefit from the terms of a contract.

The historical doctrine of privity consisted of two rules – the first was that a third party may not have obligations imposed by the terms of a contract, and second was that a third party may not enforce a contract for which he has not provided consideration.

It is argued that this rule and the doctrine of privity are two ways of saying the same thing - that to say someone is not a party to the contract is the same as saying that they gave no consideration in the initial agreement.

A second argument used to undermine the doctrine of privity is the large number of exceptions to the rule created by Acts of Parliament, which seemed to indicate that Parliament itself had an issue with the doctrine.

This is because the counterclaim may be more valuable than the original claim, which would impose an obligation on the third party to pay the promisor money, something not appropriate under the doctrine of privity which prohibits the placing of a burden or obligation on a third party.

The Contracts (Rights of Third Parties) Act 1999 (c 31) is an Act of the Parliament of the United Kingdom that significantly reformed the common law Doctrine of Privity and "thereby [removed] one of the most universally disliked and criticised blots on the legal landscape".

The second rule of the Doctrine of Privity, that a third party could not enforce a contract for which he had not provided consideration, had been widely criticised by lawyers, academics and members of the judiciary.