promisor

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  • noun

Synonyms for promisor

a person who makes a promise

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References in periodicals archive ?
In this way, the current regime forces promisors to exercise the
Perhaps more importantly, however, promisors are well positioned to
the obligations of promisors, whether original or successor, always run
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.
disaffirm the contract and get his money back when the promisor happens
costs prevent promisors from communicating their types to promisees,
obstruction, so promisors know just what they are representing their
that promisors under this regime will exercise their call options (i.
A further virtue of delegating the proxy choice to the court via a vague standard is that the uncertainty as to which proxy will be selected might help to reduce the incentives of promisors to game precise rules once an adverse risk has materialized (a problem familiar to the design of tax rules).
Expectation damages were said to have this effect as a result of an attractive property: They give a party the incentive to breach if and only if the cost of performance for the promisor exceeds the value of performance for the promisee.
The low-quality promisor may be willing to mimic the initial attempts of the high-quality promisors to distinguish themselves--which in turn causes the high-quality promisors to offer to be subject to even more draconian punishments if they fail to perform.
Second, he refutes the claim that making specific performance routinely available will result in efficiency losses or interfere with the liberty interest of promisors.
It may also fail to induce efficient breach-or-perform decisions because promisors will realize that promisees with a sufficiently strong secrecy interest may not have a credible threat to sue.
Thus, under executory contracts, promisors are often the only parties who can take promisees' contractual entitlements.
Red Owl Stores, that make promisors liable for reliance damages, provide efficient incentives for parties engaged in preliminary negotiations to investigate and disclose the likelihood that an offer will actually be forthcoming before making any promises.