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promisor
(redirected from promisors)

   Also found in: Dictionary/thesaurus 0.01 sec.
See: guarantor, surety

PROMISOR. One who makes a promise.
     2. The promisor is bound to fulfill his promise, unless when it is contrary to law, as a promise to steal or to commit an assault and battery; when the fulfillment is prevented by the act of God, as where one has agreed to teach another drawing and he loses his sight, so that he cannot teach it; when the promisee prevents the promisor from doing what he agreed to do; when the promisor has been discharged from his promise by the promisee, when the promise, has been made without a sufficient consideration; and, perhaps, in some other cases, the duties of the promisor are at an end.



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59) Hadley developed the rule that promisors are not liable for consequential damages caused by their breaches of contract.
The language of promises, promisees, and promisors saturates contract law--in decisions, statutes, and the Restatement.
Part I of the Article describes why some parties, including promisors who know they might breach, should want to contract for legally enforceable duties not to obstruct recovery, and explains why currently available contract remedies--which are limited to compensation for actual losses--are often insufficient to enforce such duties.
 
 
 
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