promisor in the Oxford-Paravia Italian Dictionary

Translations for promisor in the English»Italian Dictionary (Go to Italian»English)

Translations for promisor in the Italian»English Dictionary (Go to English»Italian)

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promisor

Monolingual examples (not verified by PONS Editors)

English
Essentially, once a promisee begins performance, an option contract is implicitly created between the promisor and the promisee.
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However, promissory estoppel may permanently extinguish the rights of the promisor to claim lump sum after part-payment.
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The difference between them being in the promisor's true intent at the time the promise is made.
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A "donee beneficiary" can sue the promisor directly to enforce the promise.
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Assenting is considered complete when the third party communicates his assent to the promisor, which can be done in a variety of ways, including by post.
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So, if a promisee provides 99% of the performance sought, the promisor could then revoke without any remedy for the promisee.
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This liability can never exceed the amount that the promisor owes under the contract.
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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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Accordingly, courts will often read implied-in-fact or implied-in-law terms into the contract, placing duties on the promisor.
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The promisor has maximum protection and the promisee has maximum risk in this scenario.
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