Law 2101 Study Guide - Quiz Guide: Monogamy, Shipbroking, Specific Performance
Document Summary
Privity principles- an exclusive relationship- only the parties to the contract may enjoy the benefits of the contact and enforce its obligations. Promisor- party that makes the promise- the husband in a marriage. Promisee- party that receives the promise- the wife in a marriage. The usual rule was that a third party could not make a claim for breach of contract if the consideration was provided by another party. This was the rule even where the contract had been made for a third party"s benefit. The fathers of the bride and groom (f1 groom"s father, f2 bride"s father) promised each other they would each pay money to the plaintiff (groom). The bride"s father (f2) failed to pay. Dunlop pneumatic tyre co ltd v selfridge & co ltd (1915): Co, under the terms of this contract (contacrt 1) dew & Co promised not to sell tyres at less than list price and to obtain similar undertakings from trade buyers.
