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some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
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LSDefine
Simple English definitions for legal terms
Promisor
Read a random definition: dividend addition
A quick definition of Promisor:
A promisor is someone who makes a promise. This means they say they will do something or give something to someone else. It's like when you promise to share your toys with your friend or promise to help your mom clean up the house. The person who you make the promise to is called the promisee.
A more thorough explanation:
Definition: A promisor is a person who makes a promise to do something.
For example, if your friend promises to lend you money, your friend is the promisor. You are the promisee, the person who the promise is made to.
Another example is when a company promises to deliver a product by a certain date. The company is the promisor and the customer is the promisee.
The examples illustrate that a promisor is the person or entity who makes a promise. They are responsible for fulfilling the promise they made to the promisee.