Privity and the trust concept

Privity and the trust concept. In the many and vigorous attempt at getting around the restrictions of privity, one of the sources most often tapped has been equity, particularly the use of the trust concept. The concept is applied in the following manner:If A, for a consideration from B, promises B that he will confer… Continue reading Privity and the trust concept

Exceptions to Privity of Contract

Covenants running with the land Contracts for the hire of a chattel Interference with contractual rights Restrictions upon price Insurance contracts Privity and trust concept Banker’s commercial credits. Covenants running with the land The doctrine of privity of contract was so inconvenient in the case of contracts affecting land that special exceptions were created by… Continue reading Exceptions to Privity of Contract