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1.Which of the following is NOT an exception to the rule of privity of contract?
A A third party to a contract can sue for losses they incur under a contract if the losses are foreseeable
B A third party to a contract can bring an action under it if an implied trust has been created
C A third party to a contract can enforce rights under it if it is equitable for them to do so (1 mark)
2. Which of the following statements regarding intention to create legal relations is correct?
A Social arrangements are generally intended to be legally binding
B Commercial arrangements are generally not intended to be legally binding
C A contract will be legally binding if both parties intended it to be so
