promissory

promissory
/promas(6)riy/ Containing or consisting of a promise; in the nature of a promise; stipulating or engaging for a future act or course of conduct.
As to promissory oath
- promissory warranty, see those titles
@ promissory estoppel
That which arises when there is a promise which promisor should reasonably expect to induce action or forbearance of a definite and substantial character on part of promisee, and which does induce such action or forbearance, and such promise is binding if injustice can be avoided only by enforcement of promise. "Moore" Burger, Inc. v. Phillips Petroleum Co., Tex., 492 S.W.2d 934.
Elements of a "promissory estoppel" are a promise clear and unambiguous in its terms, reliance by the party to whom the promise is made, with that reliance being both reasonable and foreseeable, and injury to the party asserting the estoppel as a result of his reliance. James King & Son, Inc. v. De Santis Const. No. 2 Corp., 97 Misc.2d 1063, 413 N.Y.S.2d 78, 81.
See Restatement, Second, Contracts, No. 90
@ promissory fraud
A promise to perform made at a time when the promisor has a present intention not to perform. It is a misrepresentation of the promisor's frame of mind and is, for that reason a fact which makes it the basis of an action for deceit. It is sometimes called common law fraud
@ promissory note
A promise or engagement, in writing, to pay a specified sum at a time therein stated, or on demand, or at sight, to a person therein named, or to his order, or bearer. An unconditional written promise, signed by the maker, to pay absolutely and at all events a sum certain in money, either to the bearer or to a person therein designated or his order, at a time specified therein, or at a time which must certainly arrive. A signed paper promising to pay another a certain sum of money. An unconditional written promise to pay a specified sum of money on demand or at a specified date. Such a note is negotiable if signed by the maker and containing an unconditional promise to pay a sum certain in money either on demand or at a definite time and payable to order or bearer. U.C.C. No. 3-104
@

Black's law dictionary. . 1990.

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Look at other dictionaries:

  • promissory — prom·is·so·ry / prä mə ˌsōr ē/ adj: containing or conveying a promise or assurance promissory terms Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. promissory …   Law dictionary

  • Promissory — Prom is*so*ry, a. Containing a promise or binding declaration of something to be done or forborne. [1913 Webster] {Promissory note} (Law), a written promise to pay to some person named, and at a time specified therein, or on demand, or at sight,… …   The Collaborative International Dictionary of English

  • promissory — 1640s, from M.L. promissorius (late 13c.), from L. promissor a promiser, from promissus, pp. of promittere (see PROMISE (Cf. promise)). Promissory note first recorded 1710 …   Etymology dictionary

  • promissory — [präm′i sôr΄ē] adj. [ML promissorius < L promissor, one who promises] containing a promise …   English World dictionary

  • promissory — adj. Promissory is used with these nouns: ↑note …   Collocations dictionary

  • promissory —   a. promising.    ♦ promissory note, written promise to pay sum of money; I.O.U …   Dictionary of difficult words

  • promissory — adj. 1 conveying or implying a promise. 2 (often foll. by of) full of promise. Phrases and idioms: promissory note a signed document containing a written promise to pay a stated sum to a specified person or the bearer at a specified date or on… …   Useful english dictionary

  • promissory note — see note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. promissory note …   Law dictionary

  • promissory estoppel — see estoppel 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. promissory estoppel …   Law dictionary

  • Promissory note — Promissory Prom is*so*ry, a. Containing a promise or binding declaration of something to be done or forborne. [1913 Webster] {Promissory note} (Law), a written promise to pay to some person named, and at a time specified therein, or on demand, or …   The Collaborative International Dictionary of English

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