PROMISSEE Meaning and
Definition
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The term "promissee" refers to an individual or entity that receives a promise from another party in an agreement or contract. In the legal context, when two or more parties enter into a contract, they assume certain obligations and make promises to each other. The party who makes a promise to fulfill a certain condition, payment, or action is called the promisor, while the recipient of that promise is known as the promissee.
The promissee is the beneficiary of the arrangement, as they are entitled to receive the benefits or performance outlined in the agreement. This could include the delivery of goods, provision of services, payment of a sum of money, or any other agreed-upon action. Additionally, the promissee has the right to hold the promisor accountable for fulfilling their commitments under the contract.
The term "promissee" is frequently used in legal and contractual matters to establish the roles and obligations of the parties involved. It helps to clearly identify the party on the receiving end of a pledge or assurance and provides a framework for resolving any disputes that may arise. By defining the promissee's rights and responsibilities, the term enhances the enforceability and clarity of contractual agreements, thereby facilitating fair and just transactions between parties.
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One to whom a promise is made.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for PROMISSEE
- promisse
- promicee
- promissie
- oromissee
- lromissee
- -romissee
- 0romissee
- peomissee
- pdomissee
- pfomissee
- ptomissee
- p5omissee
- p4omissee
- primissee
- prkmissee
- prlmissee
- prpmissee
- pr0missee
- pr9missee
- pronissee
Etymology of PROMISSEE
The word promissee does not have a clear etymology, as it is not a widely recognized or commonly used term. However, based on its structure, it appears to be derived from the word promise. Promissee can be seen as a noun form of the verb promise, similar to how employee is derived from employ.
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