Describe meaning of Promises

Question

Describe what do you mean by Promises?

Answer 1

Promises and statements of future conduct are representations that something will happen in the future, not facts. Law Descriptions of the law itself are not facts, while descriptions of the consequences of the law are expression of facts. Silence There is typically no duty to disclose, so silence in and of itself is not a misrepresentation. However, it can be misrepresentation if it distorts a previous statement, if it amounts to a statement of half-truth, if the contract is a special type where the law requires disclosure (insurance contracts), or if there is a fiduciary relationship.