COMMERCE 4SD3 Lecture Notes - Lecture 9: Conveyancing, Product Liability, Consumer Protection
Document Summary
If pe(cid:396)so(cid:374) is (cid:374)ot a pa(cid:396)t(cid:455) to the (cid:272)o(cid:374)t(cid:396)a(cid:272)t, (cid:272)a(cid:374)(cid:859)t e(cid:374)fo(cid:396)(cid:272)e it o(cid:396) (cid:271)e (cid:271)ou(cid:374)d (cid:271)(cid:455) it so (cid:374)o obligations or (cid:271)e(cid:374)efits (cid:396)e(cid:272)ei(cid:448)ed if the(cid:455) (cid:449)e(cid:396)e(cid:374)(cid:859)t a(cid:374) o(cid:396)igi(cid:374)al party (i. e. product liability) Third party; a person outside the contract, but is somehow affected by it. Substitution of parties with agreement of other people. Husband enters into contract with company to pay back money for wife. Hire someone to do what you agreed to do. Builder hires roofer, plumber, electrician to do work but builder cannot escape contractual liability of its original obligations. Owner can only sue the builder, not anyone else. Hire someone to do so(cid:373)ethi(cid:374)g (cid:271)e(cid:272)ause of spe(cid:272)ial a(cid:271)ilit(cid:455) (cid:894)i. e. a(cid:272)to(cid:396)(cid:895); that pe(cid:396)so(cid:374) (cid:272)a(cid:374)(cid:859)t have someone replace them. Parent enter into contract with bank setting up trust account for child. Child has no rights under common law of privity because contract is between parents and bank.