61 Generally, a contract operates to confer rights and impose duties only on the parties to the contract and no
other parties. This contractual relationship is summed up in the term .
(A)novation (B)privity of contract
(C)third-party beneficiary contract (D)privity in possession
Generally, a contract operates to confer rights and impose duties only on the parties to the contract and no other parties. This contractual relationship is summed up in the term, privity of contract.