FREE eBook! How You Can Clear Your Mortgage

PRIVITY OF CONTRACT“Privity of Contract!” (legal definitions).1. Doctrine of Privity. A valid contract (if oneexists) is a private relationship between theparties who make it, and no other person canacquire rights or incur liabilities under it.2. Scope of Doctrine. The Doctrine of Privityhas two aspects.a. No one can acquire rights under acontract to which he is not a party.b. No one can incur liabilities under acontract to which he is not a party.========================================================This is obviously the year 1 of a degree in LAW definition. Itseems quite clear and quite unambiguous. That’s because itis. CONTRACT LAW is one of the most clear cut andunambiguous LAW that there is. This stuff has been tried andtested going back to the Romans. In many cases the LAW andmore specifically CONTRACT LAW was insisted upon to bewritten, that even a lay man, such as me, would and couldunderstand it. Thus stand on it as being that of the very solidfoundation of LAW. “NO ONE CAN ACQUIRE RIGHTS UNDER ACONTRACT TO WHICH HE IS NOT A PARTY!” That specificallyincludes William Corcoran and or Ivor Fitzpatrick!~ 38 ~