LAWS 3003 Lecture Notes - Lecture 8: Specific Performance, Life Insurance, Forklift
Document Summary
If you sell a car to me for , you have the duty to give me the car and i have the duty to give you the dollars. Only parties under the contract have rights under the contract: this is not as clear cut because often contracts are made for the benefit of a third party, ex. Doctrine of privity: the regular rule is that only parties of the contract can sue but there is an exception. Exceptions to doctrine of privity: trust, ex. !4: significance: lord denning was essentially saying that any beneficiary should be able to sue for the benefit to which they are to receive. Overview: mere puff, essentially when parties are negotiating, some of the statements will be simply a mere puff, they give no legal liability at all and so reasonable person is seen to rely on them at all.
