Privity: Difference between revisions

Latest revision as of 19:30, 3 June 2024

a.) A connection, or bond of union, between parties, as to some particular transaction; mutual or successive relationship to the same rights of property.

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	n. ~~contact~~, ~~connection~~ or ~~mutual interest~~ between parties~~. The term is particularly important in the law of contracts~~, ~~which requires that there be "privity" if one party~~ to ~~a contract can enforce the contract by a lawsuit against~~ the ~~other party. Thus, a tenant of a buyer~~ of ~~real~~ property ~~cannot sue the former owner (seller) of the property for failure to make repairs guaranteed by the land sales contract between seller and buyer since the tenant was not "in privity" with the seller~~.		a.) A connection, or bond of union, between parties, as to some particular transaction; mutual or successive relationship to the same rights of property.