promisee in the PONS Dictionary

Monolingual examples (not verified by PONS Editors)

English
The promisor has maximum protection and the promisee has maximum risk in this scenario.
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Therefore, the only reliance that the promisee must demonstrate is the actual making of the part payment.
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This is because the consideration for the contract was the performance of the promisee.
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Consideration is a rule that there must be a benefit or detriment involved in any contract, and that this must initially come from the promisee.
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An option contract can provide some security to the promisee in the above scenario.
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The promisee must have an "intention to benefit" the third party (though this requirement has an unusual meaning under the law).
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At the same time the courts may add conditions to that decision, such as requiring the promisor or promisee to pay the third party compensation.
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Once the promisee performed completely, consideration is satisfied and a contract is formed and only the promisor is bound to his promise.
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This fails to take into account situations where the promisee has suffered personal loss from the breach of contract.
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For example, a task requiring specialized skills or based on the unique characteristics of the promisee can not be delegated.
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