promisor मीनिंग इन हिंदी

अधिक: आगे

In unilateral contracts, the promisor seeks acceptance by performance from the promisee.
The promisor has maximum protection and the promisee has maximum risk in this scenario.
This liability can never exceed the amount that the promisor owes under the contract.
The person manifesting intent is the Promisor.
Essentially, once a promisee begins performance, an option contract is implicitly created between the promisor and the promisee.
Consequently, the debtor is still liable for the whole amount, as he cannot force the promisor to accept less.
Once the promisee performed completely, consideration is satisfied and a contract is formed and only the promisor is bound to his promise.
So, if a promisee provides 99 % of the performance sought, the promisor could then revoke without any remedy for the promisee.
What if a promisor ( A ) orally agreed to supply grain to a promisee ( B ), but failed to do so?
Well, the first gavels haven't even fallen in the new legislative session yet, and the promisors already are two-stepping.

संज्ञा.