Promisor or Pomisee
Promisor or Pomisee
Person making the proposal is called the promisor, and the person accepting the proposal is called the promise.
Promisor or Pomisee
Person making the proposal is called the promisor, and the person accepting the proposal is called the promise.
Conditions for contract Agreement Consideration Enforceable by law
How is a contract made? Proposer makes an unconditional offer to the other party. The other party accepts the proposal and the proposal becomes a promise and the parties are now legally promisor and promise The promise should have consideration; if the promise does not have consideration then it is …
What is a promise? You can say in simple words that promise is an accepted proposal. When does the proposal become a promise? Proposal becomes a promise when the proposal is accepted by the promise. If the proposal is accepted a contract is made, but if the proposal is not …