2000•Journal of The National Procurators CollegeRequires access

The Breakthrough about Contracts for the Benefit of Third Persons to the Privity of Contract

WU Wen-pin

Abstract

The privity of contract is a fundemental principle,as the cases of contracts for the benefit of third persons turn up,it is not abided by as before.The effect of this contract involves not only the parties but also the third persons.For this there are different explainations in the theory of law in two legal chains.

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Key concepts: Privity of contract, Unconscionability, Law, Contract theory, Law and economics, Exclusion clause, Business, Contract management