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Define who a promisee is in contract law?
The promisee is the person receiving the promise from the promisor.The promisee is the person who has been promised something, as opposed to the promisor who makes the promise to someone.
Is a promisee a person who makes a promise?
No, a promisee is the person to whom a promise is made. They are the one who is entitled to the benefit or performance promised by the other party, known as the promisor.
Can an offeror revoke an option contract if the offeror decides that the consideration given is inadequate?
No, an offeror can't revoke an option contract if the offeror decides that the consideration given is inadequate. There would be an option to purchase the land.
The intent of the offeror to extend a serious offer to the offeree is typically determined by reference to?
the beliefs that the offeror has
What is the difference between offeree and offeror?
offeror means who is giving opportunity to someone.that pesron can accept it or not
Does an offeror's subjective intent determine the effectiveness of an offer?
No, an offeror's subjective intent does not determine the effectiveness of an offer.
What is the effect of death or insanity of the offeror?
Death or insanity of the offeror automatically terminates the offer. This applies even though the offeree is not aware of the death or the insanity of the offeror and communicates an acceptance of the offer. Both parties must be alive and competent to contract at the moment the acceptance is properly communicated to the offeror.
What type of loss to the promisee requires the promise to be enforced?
apple
A person extending a contract is called?
Offeror
What does offeror mean?
it means someone that offers something
What does it mean by consideration must move from promisee?
In contract law, consideration is the benefit received by each party in a contract. It must move from the promisee to the promisor, meaning that the promisee must provide something of value in exchange for the promise made by the promisor for the contract to be legally binding. This ensures that both parties are giving and receiving something in the agreement.
The withdrawal of an offer by the offeror is an example of what kind of contract?
revocation
