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Types Of Reciprocal Promises

Mutual And Independent:
When each party must perform his part of the promise independently without waiting for the performance or readiness to perform by the other party, the promises are called mutual and independent.

Conditional And Dependent:

When the performance of one depends on the prior performance of the other party, the promises are called conditional and dependent.

Mutual And Concurrent:

When the parties have to perform their promises simultaneously, they are said to be mutual and concurrent.

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