legal privity

legal privity
"Legal privity", within rule that defense of usury is personal to debtor and those in legal privity with him, means those upon whom title or interest is cast by law. An agent and his principal are in legal privity to each other.
See also privity

Black's law dictionary. . 1990.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • legal privity — within rule that defense of usury is personal to debtor and those in legal privity with him, means those upon whom title or interest is cast by law. An agent and his principal are in legal privity to each other. See also privity …   Black's law dictionary

  • privity — In its broadest sense, privity is defined as mutual or successive relationships to the same right of property, or such an identification of interest of one person with another as to represent the same legal right. Petersen v. Fee Intern., Ltd., D …   Black's law dictionary

  • privity — priv·i·ty / pri və tē/ n pl ties [Old French privité privacy, secret, from Medieval Latin privitat privitas, from Latin privus private] 1: the direct connection or relationship between parties to a contract or transaction (as a purchase) privity… …   Law dictionary

  • Privity (law) — Privity is a well established component of the federal law of res judicata. A privy is bound with respect to all the issues that were raised or could have been raised in the previouslawsuit. Commissioner v. Sunnen, 333 U.S. 591, 597, 68 S. Ct.… …   Wikipedia

  • privity — priv‧i‧ty [ˈprɪvti] noun [uncountable] LAW the legal relationship existing between the people who have signed a contract, agreement etc: • A successful legal action for insider trading is unlikely, since privity would be virtually impossible to… …   Financial and business terms

  • Privity of estate — is the concept in property law that there is a legal relationship between a landlord and a tenant, with shared rights and responsibilities. this relationship does not arise out of contract but connected through possession of the property on the… …   Wikipedia

  • privity of contract — the relationship between the parties privy to the contract, i.e. those who are direct parties to it. Until the passing of the Contracts (Rights of Third Parties) Act 1999, English law did not permit parties not in a relationship of privity to sue …   Law dictionary

  • privity of estate — This describes the relationship between a current tenant and its current and immediate landlord, regardless of whether those persons were the original parties to the lease. There is no privity of estate between a head landlord and an undertenant …   Law dictionary

  • legal relationship — index privity Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • Privity of contract — Contract law Part o …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”