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pls help me

Christa P V (35 Points)

14 July 2019

Is both parties in a contract promisee as well as promisor?

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Nandhish Waran (38 Points)
Replied 14 July 2019

No ,promisor is a person who promises to do and promisee is the person who accepts it,when the offer is accepted it becomes promise and the person making offer is promiser & the person who accepts it is called promisee😎

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Christa P V (35 Points)
Replied 15 July 2019

but in a vedio , a sir told that that both offerer and offeree plays double role as promisor and promisee...As both of them promises to give some consideration 😥

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Tanay Kumar Das (CA Foundation Mentor) (84 Points)
Replied 18 July 2019

A promisor is someone who makes a promise to a promisee(who receives the promise). Contract law teaches us whether the promisor is legally obligated to keep his promise. ... Often, you will see more than one promise being made. A person can be both a promisor and a promisee if he exchanges promises with the other party.