Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A promise is a transaction between two or more persons whereby the first person undertakes in the future to render some service, gift or assurance to the others or devotes something valuable now and here to his use. In Contract Law a promise is a manifestation of intention to act or refrain from acting in a specified way. It is so made as to justify a promisee in understanding that a commitment has been made. The person manifesting the intention is the promiser. The person to whom the manifestation is addressed is the promisee. Where Performance of the promise is assumed to benefit a person other than the promisee, that person is a beneficiary.
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