18:51
medicine is a scam
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
horizontal privity
Read a random definition: garnish
A quick definition of horizontal privity:
Horizontal privity is a legal term that describes the relationship between two parties who have a shared interest in something, like a property or a transaction. It can also refer to the relationship between a person and someone related to them, like a family member. This type of privity only affects the parties involved and doesn't allow a third party to sue. However, modern laws have relaxed this requirement in some cases, like when a defective product harms a third-party user.A more thorough explanation:
Definition: Horizontal privity is the legal relationship between two parties who have a mutual interest in the same subject matter, such as a transaction or piece of property. It refers to the connection or relationship between two parties, each having a legally recognized interest in the same subject matter.
Examples: An example of horizontal privity is the legal relationship between a buyer and a member of the buyer's family. Another example is the relationship between two parties to a contract, allowing them to sue each other but preventing a third party from doing so.
Explanation: Horizontal privity is important in commercial law and contract law. It allows parties to have a legally recognized interest in the same subject matter, which can help protect their rights and interests. For example, in a contract, horizontal privity allows the parties to sue each other if one of them breaches the contract. However, it prevents a third party from suing the parties because they do not have a legally recognized interest in the contract.