The doctrine of privity of contract is unique in that it has no exceptions? True or...
The doctrine of privity of contract is unique in that it has no exceptions? True or False.
2) The principle that some failures of a contract are so significant that there is no performance of the contract is known as?
A) Anticipatory breach
B) Frustration
C) Repudiation
D) Fundamental breach
E) Exculpatory clause
Homework Answers
1. False
Reason: The doctrine of privity of contract states that a contract cannot impose any restrictions or obligation on any party not a part of the contract. It does hold its own share of exceptions, eg insurance company, contracts based on trust etc
2. Repudiation
Reason: Repudiation of contract states that some failures of contract can be so bad that there is no performance of the contract.
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