Webb25 jan. 2024 · For example, it would not be inequitable to allow a promisor to renege on its promise to accept a lesser sum of payment for services where this agreement was extracted by unfair means. In Collier v P & MJ Wright (Holdings) Ltd [2007] EWCA Civ 1329 (Collier), the Court examined the rule in Pinnel’s Case in the context of contemporary … Webb30 jan. 2024 · The basic rule is that the promisor must perform exactly what he has promised to perform. The obligation to perform is absolute. Thus, it may be noted that it …
What does promissory estoppel under contract law mean?
WebbMeaning of promisor in English The person making the promise to pay is also known as the promisor. In his opinion the promise involved the promisor in two possible actions for … WebbFacts. Fu Chip Investment Co. Ltd., a newly formed public company, majority owned by Lau Yiu Long and his younger brother Benjamin (the defendants), wished to buy a building called "Wing On", owned by Tsuen Wan Shing On Estate Co. Ltd. ("Shing On"), whose majority shareholder was Pao On and family (the claimants).Instead of simply selling the … port synology dscam
Consideration – McMahon Legal (Solicitors)
Webbpromisor noun prom· i· sor ˌprä-mə-ˈsōr variants also promiser ˈprä-mə-sər : one that makes a promise compare obligor, offeror Dictionary Entries Near promisor promise … WebbIn a commercial context the promisor must have known that the promisee expected greater benefit by acting on the promise. Although here D knew P relied on its promise, such knowledge is not necessary because in a business context D could reasonably foresee that its promise would induce reliance o In Walters v Marathon Oil Co. Ps bought … Webb28 feb. 2024 · Davies. JC Smith's The Law of Contract (2024 3 ed). p. 478 is part of the Glossary. Obligee a party to whom an obligation is owed. Obligor a party who owes an obligation. Offeree a party receiving an offer. Offeror a party making an offer. Promisee a party to whom a promissory obligation is owed. Promisor a party who owes a … iron with vitamin c walgreens