There is a long established doctrine of contract law that states 'the only persons who can acquire rights and incur liabilities under a contract are the parties to the contract'.This doctrine is known as:

Question

Quizplus · Accepted Answer

The doctrine described in the question is known as privity of contract, which means that only the parties to a contract can acquire rights and incur liabilities under it. The other choices listed do not accurately describe this principle.

There Is a Long Established Doctrine of Contract Law That