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Which one of the following statements is a true presentation of the…

January 22, 2024

Which one of the following statements is a true presentation of the common law doctrine of privity of contract?

A person is not bound by a contract to which he is not a party but he may enforce the contract if the contract is expressly made for his benefit.

A person may be bound by a contract to which he is not a party and he may also enforce the contract, if the contract is expressly made for his benefit.

A person is not bound by a contract to which he is not a party, nor may he enforce the contract, even if the contract is expressly made for his benefit.

A person may be bound by a contract to which he is not a party, but he may not enforce the contract, even if the contract is expressly made for his benefit.

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