An agreement between parties where a party borrowing money agrees to pay. In an agreement the promise of one party to pay the other a sum of money. … [Read more...] about PROMISE TO PAY
P
PROMISEE
A person to whom a promise has been made. 2. In general a promisee can maintain an action on a promise made to him, but when the consideration moves not from the promisee, but some other person, the latter, and not the promisee, has a cause of action, because he is the person for whose use the contract was made. … [Read more...] about PROMISEE
PROFESSIONAL LIABILITY
The liability for negligence resulting from professional services. … [Read more...] about PROFESSIONAL LIABILITY
PROFESSIONAL MALPRACTICE
Negligence committed by professionals such as an accountant or an architect. … [Read more...] about PROFESSIONAL MALPRACTICE
PROFESSIONAL MISCONDUCT
Conduct or behavior that deviates from a professional code of conduct and ethics. … [Read more...] about PROFESSIONAL MISCONDUCT