This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
The essential feature of the contract is the promise. An instrument which purports to be the recital of certain facts is not of itself a contract,1 even if such facts tend as evidence to establish the existence of a contract. If the instrument recites facts which establish an indebtedness and if it contains a promise to pay such indebtedness either in express language or by necessary inference, such instrument is a contract.2
5 Gomez v. Higgins, 180 Ala. 493, SO So. 417; Ferrara v. Russo, 40 R. I. 533, L. R. A. 1918B, 905, 102 Atl. 86
6 Ferrara v. Russo, 40 ft. I. 533, L. R. A. 1918B, 905, 102 Atl. 86,
1 State v. Meier, 140 la. 540, 118 N. W. 792. See Sec. 76.
2 Noyes v. Young, 32 Monk 226, 79 Ac. 1063.