Privity of contract exists between

Question

Quizplus · Accepted Answer

Privity of contract exists between the auditor and the client. This means that only the parties involved in the contract have a legally binding agreement, and third parties do not have any rights or obligations under the contract. The auditor has a contractual relationship with the client, and the services provided by the auditor are for the benefit of the client. The client can sue the auditor for breach of contract, but third parties are not party to the contract and cannot sue the auditor for any damages caused to them.

Privity of Contract Exists Between