Learning Objectives. 1  Identify the three sources of law. 2  Rank the three sources of law, from highest to lowest. 3  Ascertain the purpose of the US and state constitutions.  Ascertain one purpose of statutory 1  law. Ascertain the purpose of case 2  law. Define judicial review.  Diagram and explain the components of a case brief.
privity definition: Privity is defined as a secret between two people, or a close relationship recognized by law. (noun) When two people know the family secret, this is an example of a shared privity. When two people enter into a contract together, ...
Third-party rights[edit] Privity of contract occurs only between the parties to the contract, most commonly contract of sale of goods or services. Horizontal privity arises when the benefits from a contract are to be given to a third party. Vertical privity involves a contract between two parties, with an independent contract between one of the parties and another individual or company.