privity

Question 1

What is the defintion of privity

Answer 1

only those who are parties to a contract are bound by it and can benefit from it

Question 2

what does the contracts rights of a third parties act 1999 state that is an exception

Answer 2

• the third party is expressly indentified by name/class of people
• the contract expressly states that the third party can enforce a contract.
• the contract term conferfs a benfit of the term on a third party

Beswick v Beswick

Question 3

What was stated in jackson v Horizon Holidays

Answer 3

when a contract is made for the benefit of others, those poeple can indireclty benefit from the contract

Question 4

what does shanklin pier ltd v detel products ltd state about collateral contracts

Answer 4

If one party makes a promise or assurance that induces another party to enter into a contract with a third party, that promise can be legally enforceable as a collateral contract.

Question 5

what is the definition of a restrictive covenants

Answer 5

an agreement between landowners where one party will restrict the use of its land in some way for the benefits for the othetrs land

Tulk v Moxhay