Coupon Accepted Successfully!


Rules for Performance of Reciprocal Promises:

Mutual And Concurrent:

Where reciprocal promises are to be performed simultaneously, the promisor need not perform his promise unless the promisee is ready and willing to perform his promise.

Mutual And Dependent:

Where the performance of promise by one party depends upon the prior performance of the promise by the other party, if the party who is liable to perform first, fails to perform, then he cannot claim performance from the other party. Also the defaulter becomes liable to pay compensation to the other party for any loss sustained by the non-performance of the contract.

Mutual And Independent:

In this case, if a party fails to keep his promise, the other party cannot excuse himself from performance on the ground of non-performance by the defaulting party. However, the aggrieved party can claim damages from the defaulting party.


Order Of Performance Of Reciprocal Promises:
Where the order in which the reciprocal promises are to be performed is not expressly fixed by the contract, they must be performance in the order which the nature of the transaction requires.


Effect Of One Party Preventing Another From Performing Promise:
When the contract contains reciprocal promises, one party may prevents the other from performing his promise, then the contract becomes voidable at the option of the part so prevented. Also, he can claim compensation from the other party for any loss sustained due to non-performance of the contract.

Test Your Skills Now!
Take a Quiz now
Reviewer Name