abstinence or promise is called a consideration for the promise; (e) Every promise and every set of promises, forming the consideration for each other ... consideration or part of the consideration for each other, are called reciprocal promises; (g) An agreement not enforceable by law is said to be void
agreement of sale laid down the
order in which the reciprocal promises were to be performed; that it first
required respondents ... reciprocal
promises to be simultaneously performed, no promisor need perform his
promise, unless the promisee is ready and willing to perform his
reciprocal promise
that promise which should be performed, in contract consisting of reciprocal promises.—
When a contract consists of reciprocal promises, such that one of them cannot ... perform it, such promisor cannot claim the performance of the reciprocal promise, and must make compensation to the other party to the contract
proposal, or the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an acceptance of the proposal
Indian Contract Act, 1872
52. Order of performance of reciprocal promises.—
Where the order in which reciprocal promises are to be performed is expressly fixed
bound to perform, unless reciprocal promisee ready and willing to perform.—
When a contract consists of reciprocal promises to be simultaneously performed, no promisor need ... promise unless the promisee is ready and willing to perform his reciprocal promise. Illustrations (a) A and B contract that A shall deliver goods
which the contract is to take effect.—
When a contract contains reciprocal promises, and one party to the contract prevents the other from performing
Section 57 in The Indian Contract Act, 1872
57. Reciprocal promise to do things legal, and also other things illegal.—
Where persons reciprocally promise, firstly ... rupees for it. The first set of reciprocal promises, namely, to sell the house and to pay 10,000 rupees for it, is a contract
Contract Act runs as follows :--
"52. Order of performance of reciprocal promises:--Where the order in which reciprocal promises are to be performed ... promises. It says as follows :
"54. Effect of default as to that promise which should be first performed in contract comprising of reciprocal promises
learned Arbitrators have held that the contract between the parties contained reciprocal promises; the respondent was to open the performance bank guarantee in respect ... said Act provides :-
"Where the order in which reciprocal promises are to be performed is expressly fixed by the contract, they shall be performed
