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Promisee

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PROMISEE. A person to whom a promise has been made.
     2. In general a promisee can maintain an action on a promise made to him, but when the consideration moves not from the promisee, but some other person, the latter, and not the promisee, has a cause of action, because he is the person for whose use the contract was made. Latch, 272; Poph. 81; 3 Cro. 77; 1 Raym, 271, 368; 4 B. & Ad. 434; 1 N. & M. 303; S. C. Cowp. 437; S. C. Dougl. 142. But see Carth. 5 2 Ventr. 307; 9 M. & W. 92) 96.



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Promissory estoppel is "[t]he principle that a promise made without consideration may nonetheless be enforced to prevent injustice if the promisor should have reasonably expected the promisee to rely on the promise and the promisee did actually rely on the promise to his or her detriment.
The Second Restatement's formulation provides that a party is an intended beneficiary, and thus has rights under a contract, if unless otherwise agreed between promisor and promisee .
Promisee - The person who is providing the loan and who will receive payment for it.
 
 
 
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