Millionaire Mode

Privity of Contract

Question 1 of 15

What is the principle of privity of contract?

  1. Only the parties to a contract can enforce or be bound by its terms.
  2. A third party can enforce a contract if they are a beneficiary of the contract.
  3. A third party can be bound by a contract if they are an assignee of the contract.
  4. All of the above.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000