Question

what is privity of consideration? explain with examples.

Answer 1

The doctrine of privity means that a contract cannot, as a general rule confer rights or impose obligations arising under it on any person other than the parties to it.” For example, if a party 'A' promised 'B' to pay Rs.

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Answer 2

Answer:

The Indian Contract Act. 1872, allows the 'Consideration' for an agreement to proceed from a third-party. ... This right is available only to a person who is a party to the contract and is called Doctrine of Privity of contract

Explanation:

example: Peter has borrowed some money from John.