- executory promise
- A promise that has not yet been performed by the promisor doing whatever act was promised
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.
executory promise
Look at other dictionaries:
executory promise — A promise that has not yet been performed by the promisor doing whatever act was promised … Black's law dictionary
executory accord — An agreement embodying a promise, express or implied, to accept at some future time a stipulated performance in satisfaction or discharge, in whole or in part, of any present claim, cause of action or obligation, and a promise, express or implied … Black's law dictionary
executory accord — An agreement embodying a promise, express or implied, to accept at some future time a stipulated performance in satisfaction or discharge, in whole or in part, of any present claim, cause of action or obligation, and a promise, express or implied … Black's law dictionary
executory consideration — A consideration for a promise or an act, which consideration has not yet been performed and which the party who is to perform is either bound by contract to perform or not. If a promissory note is given for future services of the payee, his… … Ballentine's law dictionary
Consideration in English law — is one of the three main building blocks of a contract. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the contract is to be valid. If only one party… … Wikipedia
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… … Black's law dictionary
consideration — The inducement to a contract. The cause, motive, price, or impelling influence which induces a contracting party to enter into a contract. The reason or material cause of a contract. Some right, interest, profit or benefit accruing to one party,… … Black's law dictionary
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Consideration under English law — Consideration is one of the three main building blocks of a contract in English contract law. Consideration can be anything of value (such as an item or service), which each party to a legally binding contract must agree to exchange if the… … Wikipedia
