Commentary

73.12 Exceptions to application of the Act to third parties

BOILERPLATE AND COMMERCIAL CLAUSES vol 4(3)
| Commentary

73.12 Exceptions to application of the Act to third parties

| Commentary

73.12 Exceptions to application of the Act to third parties

The Contracts (Rights of Third Parties) Act 1999 provides that no rights are conferred on a third party in the following situations.

  1. (a)

        Bill of exchange, promissory note or other negotiable instrument: The Contracts (Rights of Third Parties) Act 1999 Section 1 confers no rights on a third party in the case of a contract on a bill of exchange, promissory note or other negotiable instrument1. Third parties can continue to acquire rights under such contracts under the rules relating to the negotiability of such instruments.

  2. (b)

        Company memorandum and

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