promisor

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  • noun

Synonyms for promisor

a person who makes a promise

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References in periodicals archive ?
From this perspective, contract law might appear incrementally more successful the more it affirms that promisors must do as they have promised.
36) Because the promisor may have occasion to gain more through breach than the promisee will lose, the theory of efficient breach holds that the best outcome is for the promisor to breach the contract.
Schwartz, supra note 249, at 369 (explaining that the remedial scheme allows a promisor to "purchase her freedom").
In this way, the current regime forces promisors to exercise the
If contract law ran parallel to morality, then contract law would--as the norms of promises do--require that promisors keep their promises as opposed merely to paying off their promisees.
Although Shiffrin sees a divergence between the cases in which courts enforce contractual promises and the cases in which promisors owe performance, Shiffrin, supra note 11, at 722-23, a focus on moral enforcement rights suggests that there is, for the most part, a convergence.
Perhaps more importantly, however, promisors are well positioned to
at 178-79 ("In urging that the moral consideration here present makes a binding contract, plaintiff places reliance on what is termed the 'material benefit rule' as reflecting the trend of modern authority* The substance of that rule is that where the promisors .
Legally adequate consideration exists when the promisor receives a legal benefit, the promisee experiences a legal detriment, or both.
138) Thus, the promisor is at all times given the option of breaching, conditioned upon the payment of a penalty for the same, in the form of damages.
10) These totals are for promisors only; the records do not contain information about endorsers.
The site also awards promisors who "win" or achieve their goals with a score which depends on how big is the audience, the audience's reputation, comments, likes, shares, etc.
Why, then, allow promisors to avoid being held to their moral obligations simply by specifying that their promises are not to be legally enforced?
Rather than protecting the expectation interest of injured promisees, therefore, the law of contract remedies is better characterized as enforcing "promisor expectation" or disgorgement, a regime that puts breaching promisors in the position they would have been in had they performed, even when that means overcompensating injured victims.
possibility of rescission by counterparties, promisors will invest to