Smart contracts make it the case that promisors
will do precisely what they promise, radically strengthening promises.
The arguments catalogued thus far in favor of the second view draw attention to particular ways that the norms of contract law require different things of a promisor
than the norms of morality.
promisee, or even to the promisor
, whether a donative promise that
It clearly has something to say about why promising to do X imposes obligations of some form on the promisor
, where a mere expression of a future intention to do X would not.
In such a case, one may not coerce a promisor
to keep her word except to the extent that we count making a rebuke as a type of coercion.
other things, shields promisors
that conduct multistate business from
37) It consists of something of value (38) that has been bargained for and received by a promisor
from a promisee, which motivated a person to take some action, such as engaging in a legal act.
It is not necessary that an economic or material loss be incurred by the promisee or benefit received by the promisor
Since either the promisor
or the endorser(s) could be the actual borrower(s), we included both kinds of signatories in our totals, taking care to eliminate all double counting.
Unquestionably, the promises given in this case were intended by the promisors
to be kept.
themselves prefer to be subject to the promisor
expectation regime because it allows them to commit credibly to perform their promises.
disaffirm the contract and get his money back when the promisor