Discuss Defenses Available to the Promisor in an Action by an Intended

question 33

Essay

Discuss defenses available to the promisor in an action by an intended third-party beneficiary to enforce the promise.

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Definitions:

Payoffs

The outcomes or returns of a decision or action, often expressed in terms of profit or loss.

Risky Undertaking

An action or venture involving a high degree of uncertainty and potential for loss or failure.

Net Profit

The amount of money that remains from revenues after all expenses, taxes, and costs have been subtracted.

Expected Returns

The mean of all the likely returns for an investment or portfolio over a given period, accounting for the risk of those returns.