The definition of a terabyte is 1,024 gigabytes; however many people think of it as 1,000 gigabytes. The definition of a petabyte is 1,024 terabyte; however many people think of it as 1,000 terabytes. The definition of a exabyte is 1,024 petabyte; however many people think of it as 1,000 exabytes.
From Wikipedia, the free encyclopedia. The doctrine of privity in the common law of contract provides that a contract cannot confer rights or impose obligations arising under it on any person or agent except the parties to it.The premise is that only parties to contracts should be able to sue to enforce their rights or claim damages as such.rivity 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.
A close, direct, or successive relationship; having a mutual interest or right. Privity refers to a connection or bond between parties to a particular transaction. Privity of contract is the relationship that exists between two or more parties to an agreement. Privity of estate exists between a lessor and a lessee, and privity of possession is the relationship between parties in successive possession of real property. n. contact, connection or mutual interest between parties. The term is particularly important in the law of contracts, which requires that there be privity if one party to a contract can enforce the contract by a lawsuit against the other party.