The word “privy” derives from the French word “privé” and from the Latin “privus”, both of which may be defined in English as the word “private.” Accordingly, one who is in their “privies” is in their ...

Historically, courts typically refused to impose liability for negligence in the performance of a contract unless the plaintiff was a party to the contract. Thus, whenever a contractor provided ...

In 2011, I posed the following question: Is Privity Required Or Not Required Under Section 25500? Section 25500 of the California Corporations Code provides the remedy for violations of Section 25400 ...

No, not a privy, “privity”! Trust me, it’s different. So what, then, is a “privity”? Well, first off, privity is not a thing. Instead, it is a concept. For now, think magnets. I’ll come back to that ...

This is a preview. Log in through your library . Journal Information Journal of the Indian Law Institute is a leading law journal pertaining to the field of law. It is published since 1958. It is ...

The best approach for our analysis is to start with the seminal case on privity in the accountants' liability context. Chief Judge Benjamin Cardozo in Ultramares Corporation v. Touche et al. addressed ...

A contract is nothing but a promise which is enforceable by law. A contract exists when there is agreement and enforceability. In India a contract is governed by the Indian Contract Act, 1842. The ...

Ryan Eichler holds a B.S.B.A with a concentration in Finance from Boston University. He has held positions in, and has deep experience with, expense auditing, personal finance, real estate, as well as ...

Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...