A promise is a commitment or assurance given by one person to another that they will do something or that a particular outcome will occur. It is a declaration of intent to fulfil a certain obligation or to achieve a specific result. Promises are often made in personal relationships, business agreements, contracts, or other formal or informal settings. Keeping a promise is considered a sign of trustworthiness and reliability.
A promise is a commitment or assurance made by one party to another, which may be legally binding depending on the circumstances.
Yes, a promise can be legally enforceable if it meets the requirements of a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.
A promise is a commitment or assurance, while a contract is a legally binding agreement that involves an offer, acceptance, consideration, and intention to create legal relations.
Yes, a verbal promise can be legally binding if it meets the requirements of a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.
The statute of frauds is a legal requirement that certain types of contracts must be in writing to be enforceable, including promises involving real estate, marriage, and contracts that cannot be performed within one year.
In general, a promise can be revoked unless it has been made in the form of a unilateral contract, where the promise is exchanged for an act or forbearance by the other party.
Promissory estoppel is a legal doctrine that prevents a party from going back on a promise if the other party has relied on that promise to their detriment.
Yes, a promise can be considered a form of consideration if it involves a commitment to do or refrain from doing something in exchange for something else.
A promise is a commitment to do or not do something in the future, while a representation is a statement of fact made to induce someone to enter into a contract.
A promise made under duress or undue influence may not be enforceable, as these factors can invalidate the consent of the party making the promise.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 13th April 2024.
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