Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneous...........

Indian Contract Act (ICA)1872 Promissory Estoppel

Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneously performed:

Promisor need not perform his part of promise at all

Promisor need not perform his part of promise unless promisee is ready and willing to perform his reciprocal promise

Promisor has to compel promisee to perform his promise first

There is no valid contract at all

Promisor need not perform his part of promise unless promisee is ready and willing to perform his reciprocal promise

Submit Error