There are various ways in which a representee1 may act on the faith of a representation so as to alter his position. He may enter into a contract either with the representor2 himself, or with a third person, or class of persons3, or the alteration of position may take the form of a unilateral transaction of a binding nature, in the sense that it is not revocable except with the consent of the other party to it, such as a gift, licence or consent, a forbearance or a renunciation4, or it may consist in an act, of whatever nature,
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This Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the lack of privity, a contract has an indirect effect on a third
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On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
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