CAPM (Certified Associate in Project Management) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the CAPM Exam with challenging questions and comprehensive explanations. Utilize flashcards and multiple choice quizzes to enhance your project management knowledge. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What does privity refer to?

Privacy laws related to contracts
The exclusive right to negotiate a contract
Contractual relationship between two parties of a contract
A private agreement not disclosed to the public

The correct answer is: Contractual relationship between two parties of a contract

Privity refers to the contractual relationship between the parties involved in a contract. It establishes the direct involvement and connection between two parties who are bound by the terms and conditions of a contract. This relationship is essential for legally enforcing the terms of the agreement and ensuring that both parties fulfill their obligations. Option C is correct as it accurately defines privity within the context of contracts. The other options are incorrect because: - Option A refers to privacy laws, which are unrelated to the concept of privity in contracts. - Option B refers to the exclusive right to negotiate a contract, which is not the definition of privity. - Option D describes a private agreement not disclosed to the public, which is also not the definition of privity in contract law.