promisee
promisee (prom-is-ee). One to whom a promise is made.
Search Results for: PROMISEE
detriment to a promisee
Contracts. Consideration offered by a promisee to a promisor, esp. in a unilateral contract. [Cases: Contracts 52. C.J.S. Contracts § 90.]
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detriment to promisee
detriment to promisee 受允诺人之损害；受允诺人的不利益 在合同中，由受允诺人向允诺人提供的对价。特别是在要求受允诺人为一定行为的单方合同中，在该行为完成之前允诺人仍可撤销其允诺。 (→consideration; culpa in contrahendo)
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delivery in escrow
delivery in escrow. The physical transfer of something to an escrow agent to be held until some condition is met, at which time the agent will release it. • An example of such a delivery is a stock buyer’s transfer of cash to a bank that will give the seller the cash upon receiving the
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joint contract
A contract in which two or more promisors are together bound to fulfill its obligations, or one in which two or more promisees are together entitled to performance. Cf. severable contract. [Cases: Contracts 181. C.J.S. Contracts §§ 366, 371.]
substitutional remedy
A remedy intended to give the promisee something as a replacement for the promised performance or to give the plaintiff something in lieu of preventing or repairing an injury. • A court awards a substitutional remedy by ordering a defaulting seller of goods to pay the buyer damages (as opposed to delivering the promised goods).
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implied reciprocal covenant
A presumption that a promisee has, in return for a promise made respecting land, impliedly made a promise to the promisor respecting other land. — Also termed implied reciprocal servitude.
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promissory estoppel
The principle that a promise made without consideration may nonetheless be enforced to prevent injustice if the promisor should have reasonably expected the promisee to rely on the promise and if the promisee did actually rely on the promise to his or her detriment. — Also termed (inaccurately) equitable estoppel. [Cases: Estoppel 85. C.J.S. Estoppel
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moral obligation
A duty that is based only on one’s conscience and that is not legally enforceable; an obligation with a purely moral basis, as opposed to a legal one. • In contract law, moral obligation may support a promise in the absence of traditional consideration, but only if the promisor has previously received some actual benefit