Offerror Offeree vs. Promisee Promisor? - Law Stack Exchange The beneficiary is the obligee, whereas the entity who bought the insurance policy is the promisee The obligation is owed to the beneficiary by virtue of the promise the insurer made to whoever acquired the insurance policy (i e , the promisee)
Terms for torts committed under theory of promissory estoppel? (1) [a] promise which (2) the promisor should reasonably expect to cause the promisee to change his position and (3) which does cause the promisee to change his position (4) justifiably relying upon the promise, in such a manner that (5) injustice can be avoided only by enforcement of the promise
contract law - Can I sue for false promise - Law Stack Exchange You can't sue for false promise per se, but it might enter into a suit for something else It sounds like your employer offered you a choice between coming in to work (extremely difficult), termination or furlough (extremely undesirable), versus working at home (the preferable option), and the latter was contingent on you doing things that relate to being able to work at home (get a computer
What counts as consideration in contract law? See generally Hamer v Sidway (1891), 124 NY 538, citing indirectly Currie v Misa (1875) LR 10 Ex 893: 'A valuable consideration in the sense of the law may consist either in some right, interest, profit or benefit accruing to the one party, or some forbearance, detriment, loss or responsibility given, suffered or undertaken by the other '
How does a covenant differ from a [1] promise [2] contract? A covenant is a contractual promise, i e , a manifestation of intention to act or refrain from acting in a particular way, such that the promisee is justified in understanding that the promisor has made a commitment A condition precedent is an act or event that must occur before a duty to perform a promise arises
Is not committing a crime sufficient consideration? france Alice is not bound by her promise In civil-legal-system, unilateral promises are enforceable A contract does not require reciprocal consideration, and therefore, even if John’s promise to not break the law amounts to nothing, Alice’s promise has to be looked at
Hows a mere failure to perform future obligations equivocal and . . . If he then doesn't does it, can't the promisor infer that the promisee's mere failure to perform future obligations consists with the promisee's decision to repudiate the contract? Westlaw has The State Trading Corporation of India Limited v M Golodetz Limited :