Which of the following is NOT an example of an exception to the privity of contract rule?
A)a life insurance policy
B)collateral contracts
C)the trust
D)bilateral contracts
E)the undisclosed principal in an agency

Question

Quizplus · Accepted Answer

Bilateral contracts are not exceptions to the privity of contract rule. Privity of contract means that only the parties who entered into the contract can enforce or be bound by the terms of that contract. However, there are certain exceptions to this rule, such as life insurance policies, collateral contracts, the trust, the undisclosed principal in an agency, and many others.

Which of the Following Is NOT an Example of an Exception