3 Defences etc available to promisor

3  Defences etc available to promisor

(1)     Subsections (2) to (5) apply where, in reliance on section 1, proceedings for the enforcement of a term of a contract are brought by a third party.

(2)     The promisor shall have available to him by way of defence or set-off any matter that—

(a)     arises from or in connection with the contract and is relevant to the term, and

(b)     would have been available to him by way of

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