Promisor: An individual who makes a promise. The Legal Dictionary has taken steps to ensure that all legal, law, and court terms contained in our legal dictionary are correct.
Promisor definition: The person who has become obliged through a promise (usually expressed in a contract) towards another. The person who makes a promise or a contractual commitment.
PROMISOR The person who has become obliged through a promise (usually expressed in a contract) towards another, the intended beneficiary of the promise being referred to as the promise. Also sometimes referred to an "obligor." ...
Promisor - An individual who makes a promise. Promissory estoppel - A promise which estops the promisee from asserting or taking certain action. Property tax - A tax levied on land and buildings (real estate) and on personal property.
Also known as the "promisor." Obscenity An elusive concept used in the context of criminal law to describe a publication which is illegal because it is morally corruptive.
Many contracts include "satisfaction clauses", in which a promisor can refuse to pay if he isn't subjectively satisfied with the promisee's performance.
ACCELERATION - A payee's right to demand immediate payment of an entire loan balance, including payments otherwise due at a future time, if a promisor defaults under a promissory note's terms.
A promise that pledges nothing, because it is vague or because the promisor can choose whether or not to honor it. Such promises are not legally binding.
The sufferer can enforce such false promise in court and judge would believe the statement made by the promisor as promise and order for the payment for the value of work of the sufferer.
Definition - Noun : a doctrine in contract law: a promise to pay the debt of another need not be in writing to be enforceable if the promisor was motivated by a desire for advantage or benefit compare statute of frauds Search Legal Dictionary ...
obligor : one who is bound by an obligation to another [an obligation extinguished by performance of the ] compare creditor, debtor, obligee, promisor, surety ...
Obligor A person who is contractually or legally, committed or obliged, to providing something to another person; the recipient of the benefit being called the obligee. Also known as the "promisor." Back To Top ...
A matter of contract in which one party agrees to do something in return for something the other party agrees to give him, usually money or property. The term implies that the person promised something has the right to enforce the promisor to pay him.
If, for example, a promise is made which is not legally enforceable because there has been no consideration provided for it, and it would be inequitable for the promise to be broken, the promisor may be estopped from reneging on the promise. [edit] ...
See also: Law, Contract, Contra, Person, State
 
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