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1. Privity As a general rule, only the parties to the contract can acquire rights and incur liabilities under it
CASE: Beswick v Beswick [1968]
CASE: Trident General Insurance Co Ltd v McNiece Bros Pty Ltd (1988)
No right of action in contract exists against a person who is not a party to a contract (but a third party who knowingly and intentionally induces a breach of contract may commit a tort)
CASE: Lumley v Gye [1843-60]
2. Methods of Discharge