A promissor is an individual who agrees to fulfil a request made by another person. This commonly occurs in legal contracts where one party commits to performing a task in return for something else. For instance, if you agree to mow your neighbour’s lawn in exchange for payment, you assume the role of the promissor in that agreement.
In civil law, a promissor is a party who agrees to do something in response to a request from another party, known as the stipulator. For example, if John promises to pay Jane $100 for completing a task, John is the promissor and Jane is the stipulator. Other related terms include: Promissory, which means containing or consisting of a promise, such as a promissory note which is a written promise to pay a specific amount of money. Promissory condition refers to a condition in a contract that requires one party to perform an action before the other party is obligated to fulfil their promise. Promissory estoppel is a legal principle that prevents a promissor from going back on their promise if the other party relied on that promise to their detriment. Promissory fraud is a type of fraud where a promissor makes a false promise with the intent to deceive the other party. Promissory oath is an oath that promises to do something in the future. Promissory representation is a statement made by a promissor that they will do something in the future. Promissory restraint is a clause in a contract that attempts to discourage a later conveyance by imposing contractual liability on anyone who makes a later conveyance.
Promissor is a legal term that refers to a person or entity who makes a promise or assurance to another party.
Yes, a Promissor can be held legally accountable for their promises if they fail to fulfill their obligations or if their promises result in harm or damages to the other party.
Verbal promises can be legally binding, but it can be challenging to prove their existence or enforce them in court. It is always advisable to have written agreements to ensure clarity and enforceability.
Yes, if a Promissor makes fraudulent promises with the intent to deceive or mislead the other party, they can be held legally liable for fraud.
Yes, if a Promissor fails to fulfill their obligations as outlined in a contract, they can be held legally responsible for breach of contract and may be required to compensate the other party for any resulting damages.
Yes, if a Promissor engages in misleading advertising practices that deceive consumers, they can be held legally accountable for false advertising and may face penalties or lawsuits.
If a Promissor’s promises result in personal injuries due to negligence or intentional misconduct, they can be held legally liable for the injuries and may be required to compensate the injured party.
If a Promissor’s promises result in financial losses to the other party, they can be held legally responsible for the losses and may be required to provide compensation or restitution.
If a Promissor makes promises on behalf of another person or entity, they may be held legally accountable if they do not have the authority or permission to make such promises.
Yes, if a Promissor makes promises in a professional capacity, such as a doctor, lawyer, or financial advisor, they can be held legally liable for any harm or damages caused by their promises if they fail to meet the professional standards of care.
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: 17th April 2024.
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