Horizontal Privity - Law Dictionary Search Results

Home Dictionary Name: horizontal privity

horizontal privity

horizontal privity 1 : the relationship between the parties to a covenant that is based on a mutual or successive interest in the land burdened or benefited by the covenant 2 : the relationship between the original supplier of a product and an ultimate user or a bystander affected by it used esp. in connection with breaches of warranty ...

privity

privity pl: -ties [Old French privité privacy, secret, from Medieval Latin privitat- privitas, from Latin privus private] 1 : the direct connection or relationship between parties to a contract or transaction (as a purchase) [ of contract] see also horizontal privity, vertical privity NOTE: Formerly a suit for breach of warranty or negligence arising from a product could only be brought by a party to the original contract or transaction, and only against the party (as a retailer) directly dealt with. Only these parties had privity. Under modern laws and doctrines of strict liability and implied warranty, however, the right to sue has been extended to those, such as third-party beneficiaries and members of a purchaser's household, whose use of a product is foreseeable. 2 a : a mutual or successive interest esp. in the same rights of property (as by inheritance or purchase) ;also : the condition of having such an interest see also horizontal privity, vertical privity b : an ...

vertical privity

vertical privity 1 : privity between one who acquires property burdened with a restrictive covenant and those who executed the covenant [require vertical privity for a restrictive covenant to run with the land] 2 : privity between parties (as a manufacturer and retailer) who occupy adjoining levels in a system of product distribution ...

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Horizontal Privity - Law Dictionary Search Results