parties and privies

parties and privies
Parties to a deed or contract are those with whom the deed or contract is actually made or entered into. By the term "privies," as applied to contracts, is frequently meant those between whom the contract is mutually binding, although not literally parties to such contract. Thus, in the case of a lease, the lessor and lessee are both parties and privies, the contract being literally made between the two, and also being mutually binding; but, if the lessee assign his interest to a third party, then a privity arises between the assignee and the original lessor, although such assignee is not literally a party to the original lease

Black's law dictionary. . 1990.

См. также в других словарях:

  • In the law governing the transfer or distribution of property, a child, children, and all individuals who descend from a common ancestor or descendents of any degree. — In the law governing the transfer or distribution of property, a child, children, and all individuals who descend from a common ancestor or descendents of any degree. A concept that refers to the fact that a particular question of fact or law,… …   Law dictionary

  • privy — / pri vē/ n pl priv·ies [Anglo French privé, from Old French, intimate, confidant, from privé intimate, familiar, from Latin privatus private]: one having privity; esp: one who acquires an interest in the subject matter (as property) of prior or… …   Law dictionary

  • inchoate instrument — Instruments which the law requires to be registered or recorded are said to be inchoate prior to registration, in that they are then good only between the parties and privies and as to persons having notice …   Black's law dictionary

  • inchoate instrument — Instruments which the law requires to be registered or recorded are said to be inchoate prior to registration, in that they are then good only between the parties and privies and as to persons having notice …   Black's law dictionary

  • verdict — From the Latin veredictum, a true declaration. Clark v. State, 170 Tenn. 494, 499, 97 S.W.2d 644, 646. The formal decision or finding made by a jury, impaneled and sworn for the trial of a cause, and reported to the court (and accepted by it),… …   Black's law dictionary

  • res judicata — res ju·di·ca·ta / rēz ˌjü di kä tə, rās ˌyü / n [Latin, judged matter] 1: a thing, matter, or determination that is adjudged or final: as a: a claim, issue, or cause of action that is settled by a judgment conclusive as to the rights, questions,… …   Law dictionary

  • issue — 1. verb To send forth; to emit; to promulgate; as, an officer issues orders, process issues from a court. To put into circulation; as, the treasury issues notes. To send out, to send out officially; to deliver, for use, or authoritatively; to go… …   Black's law dictionary

  • issue — 1. verb To send forth; to emit; to promulgate; as, an officer issues orders, process issues from a court. To put into circulation; as, the treasury issues notes. To send out, to send out officially; to deliver, for use, or authoritatively; to go… …   Black's law dictionary

  • res — /riyz/ The subject matter of a trust or will. In the civil law, a thing; an object. As a term of the law, this word has a very wide and extensive signification, including not only things which are objects of property, but also such as are not… …   Black's law dictionary

  • deed — A conveyance of realty; a writing signed by grantor, whereby title to realty is transferred from one to another. National Fire Ins. Co. v. Patterson, 170 Okl. 593, 41 P.2d 645, 647. A written instrument, signed, and delivered, by which one person …   Black's law dictionary


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