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im from the future
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Simple English definitions for legal terms
divisible promises
Read a random definition: Realization of gain
A quick definition of divisible promises:
Divisible promises are when someone makes a commitment to do something, but that commitment can be broken down into smaller parts. For example, if someone promises to paint a house, they could divide that promise into smaller promises to paint each room separately. Divisible promises are important because they allow people to make commitments that are easier to fulfill and can be more flexible.A more thorough explanation:
Definition: Divisible promises are promises that are capable of being divided into independent parts.
For example, if a contractor promises to build a house and complete the plumbing and electrical work within a certain timeframe, these promises can be divided into independent parts. The contractor can complete the plumbing work first and then move on to the electrical work, without breaching the contract.
Divisible promises are important in contract law because they allow parties to fulfill their obligations in stages, rather than all at once. This can be beneficial when a project is complex and requires multiple steps to complete.