Why Did the Claimant's Action in Tweddle V Atkinson Fail

question 8

Multiple Choice

Why did the claimant's action in Tweddle v Atkinson fail?

• A) The contract in question was a domestic agreement and thus not enforceable.
• B) The claimant was not a promisee to the contract in question.
• C) The claimant had not provided consideration for the promise.
• D) None of the options provided is correct.

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Definitions:

Corporate Bond

A debt security issued by a corporation to raise funding. It obligates the issuer to pay interest and repay the principal at a later date.

Bondholder

An individual or entity that owns bonds issued by corporations, governments, or other institutions, which means they have lent money to the issuer in exchange for interest payments and the return of principal at maturity.

Firm's Profits

The financial gain achieved by a company after subtracting all its costs from its total revenues.

Capital

Economic resources used in the production of goods, including physical assets like machinery, buildings, or human skills and knowledge.