[amp_mcq option1=”The promisor is responsible for non-performance, but he does not lose his rights under the contract” option2=”The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract” option3=”The promisor is not responsible for non-performance, but he loses his rights under the contract” option4=”The promisor can enforce the performance of the promise” correct=”option2″]<\/p>\n
The correct answer is: B. The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract.<\/strong><\/p>\n A promise is a declaration of an intention to do or not to do a particular thing. A contract is an agreement between two or more parties to do or not to do a particular thing. A promisor is the person who makes a promise. A promisee is the person to whom a promise is made.<\/p>\n In the case where a promisor has made an offer of performance to the promise and the offer has not been accepted, the promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract. This is because the offer has not been accepted, and therefore there is no contract.<\/p>\n The promisor may still be able to enforce the performance of the promise if the promisee has accepted the offer by performing some act or by making a promise in return. However, the promisor cannot enforce the performance of the promise if the promisee has not accepted the offer.<\/p>\n Here are some brief explanations of each option:<\/p>\n [amp_mcq option1=”The promisor is responsible for non-performance, but he does not lose his rights under the contract” option2=”The promisor is not responsible for non-performance, nor does he thereby lose his rights under the contract” option3=”The promisor is not responsible for non-performance, but he loses his rights under the contract” option4=”The promisor can enforce the performance … <\/p>\n\n