A declaration, verbal or written, made hy one person to another for a good or valuable consideration iu the na-ture of a covenant hy which the promisor binds himself to do or forbear some act, and gives to the promisee a legal- right to demand and enforce a fulfillment. See Taylor v. Miller, 113 N. C. 340, 18 S. E. 504; New-comb v. Clark, 1 Denio (N. Y.) 228; Foute v. Bacon, 2 Cush. (Miss.) 164; U. S. v. Bal-tic Mills Co., 124 Fed. 41, 59 C. C. A. 558
Source: Black's Law Dictionary 2nd Ed (1910)
