SBU 203D — Business Law I
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5:56
Define a contract and distinguish an agreement from a legally enforceable contract
This directly distinguishes an ordinary agreement from a contract by explaining when an agreement becomes legally binding and enforceable, using contrasting scenarios.
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7:44
Explain the doctrine of privity of contract
It explains the fundamental definition and underlying legal rationale for privity of contract, alongside key common law exceptions and statutory modifications.
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