privity

privity
An elusive term. In general, an identity of interest between persons, so that the interest of the one is measured by the same legal right as that of the other. Fleming v Cooper, 225 Ark 634, 284 SW2d 857, 58 ALR2d 694. The relation between two titles where one derives from the other or both derive from a common source. Jax Ice & Cold Storage Co. v South Florida Farms Co. (Fla) 109 So 212, 218. Continuity of interest; successive relationships to the same rights of property, as between decedent and heir, intestate and administrator, testate and executor, and grantor and grantee. Zaragosa v Craven, 33 Cal 2d 315, 202 P2d 73, 6 ALR2d 461. For the purposes of the doctrine of res judicata, such an identity in interest that one person represents the same legal right as another, as a consequence of which, the judgment is binding as to a subsequent grantee, transferee, or lienor of property. 30A Am J Rev ed Judgm § 399. For the purposes of estoppel by judgment, one who has an interest in the subject matter through a party to the action. Seymour v Wallace, 121 Mich 402, 80 NW 242. In reference to the scope and effect of an injunction, mutual or successive relationship to the rights of property. 28 Am J Rev ed Inj § 296. As an element of admissibility of former testimony of a witness since become unavailable:–a relationship arising from connection with a decedent's estate or out of interest in property, or the relationship of principal and surety or of successive plaintiffs in actions for wrongful death, the word being used in somewhat the same sense as in the field of property law. Re Silvies River, 115 Or 27, 237 P 322.

Ballentine's law dictionary. . 1998.

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  • privity — priv·i·ty / pri və tē/ n 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) privity… …   Law dictionary

  • privity — priv‧i‧ty [ˈprɪvti] noun [uncountable] LAW the legal relationship existing between the people who have signed a contract, agreement etc: • A successful legal action for insider trading is unlikely, since privity would be virtually impossible to… …   Financial and business terms

  • Privity — Priv i*ty, n.; pl. {Privities} ( t[i^]z). [From {Privy}, a.: cf. F. privaut[ e] extreme familiarity.] [1913 Webster] 1. Privacy; secrecy; confidence. Chaucer. [1913 Webster] I will unto you, in privity, discover . . . my purpose. Spenser. [1913… …   The Collaborative International Dictionary of English

  • privity — (n.) early 13c., from O.Fr. privité (c.1200) privacy, a secret, from L. privus (see PRIVATE (Cf. private)) …   Etymology dictionary

  • privity — [priv′i tē] n. pl. privities [ME privete < OFr < L privus, PRIVATE] 1. a) private or secret knowledge, as shared between persons b) participation in this 2. Law a successive relationship to or mutual interest in the same property or rights …   English World dictionary

  • privity — In its broadest sense, privity is defined as mutual or successive relationships to the same right of property, or such an identification of interest of one person with another as to represent the same legal right. Petersen v. Fee Intern., Ltd., D …   Black's law dictionary

  • Privity — A legal interpretation in contract law where contracts are only binding on the parties signing the contract. The idea is that, contracts are private agreements among the signatory parties which should have no bearing on others who are not… …   Investment dictionary

  • privity —    A direct contractual relationship between parties, such as exists between a consumer and a retailer, but not between a consumer and a wholesaler or manufacturer, who are farther away in the distribution chain. Contract law requires that there… …   Business law dictionary

  • Privity (law) — Privity is a well established component of the federal law of res judicata. A privy is bound with respect to all the issues that were raised or could have been raised in the previouslawsuit. Commissioner v. Sunnen, 333 U.S. 591, 597, 68 S. Ct.… …   Wikipedia

  • Privity of estate — is the concept in property law that there is a legal relationship between a landlord and a tenant, with shared rights and responsibilities. this relationship does not arise out of contract but connected through possession of the property on the… …   Wikipedia

  • privity of contract — the relationship between the parties privy to the contract, i.e. those who are direct parties to it. Until the passing of the Contracts (Rights of Third Parties) Act 1999, English law did not permit parties not in a relationship of privity to sue …   Law dictionary

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