Promisee

  • (noun): A person to whom a promise is made.

Some articles on promisee:

Option (law) - Application of Option Contract in Unilateral Contracts
... In unilateral contracts, the promisor seeks acceptance by performance from the promisee ... This is because the consideration for the contract was the performance of the promisee ... Once the promisee performed completely, consideration is satisfied and a contract is formed and only the promisor is bound to his promise ...
Third-party Beneficiary - Ius Quaesitum Tertio
... A promisee nominates a third party usually for one of two reasons, either the promisee owes something to the third party and the performance of this new obligation will discharge it, or the promisee will somehow ... ways to explain the functioning of the contractual relationship either, the parties A (promisee) and B (promisor) contract each in his own name but with the intention of creating an ... In either case, a third-party contract differs from agency in that the promisee acts in his own name and for himself, whereas an agent or representative does not ...
Third-party Beneficiary - Rights That Accrue To The Promisee
... The promisee can also sue the promisor for failing to pay the third party beneficiary ... Under the common law, such suits were barred, but courts have since determined that the promisee can sue for specific performance of the contract, provided that the beneficiary has not ... Furthermore, if the promisee was in debt to a creditor beneficiary, and the failure of the promisor to perform caused the promisee to be held liable for that debt, the promisee ...
Third-party Beneficiary - Vesting of Rights
... Any effort by the promisor or the promisee to rescind or modify the contract at that point are void ... Indeed, if the promisee changed his mind and offered to pay the promisor money not to perform, the third party could sue the promisee for tortious interference with the third party's contract rights ...
Application of Option Contract in Unilateral Contracts
... promisor seeks acceptance by performance from the promisee ... for the contract was the performance of the promisee ... Once the promisee performed completely, consideration is satisfied and a contract is formed and only the promisor is bound to his promise ...