Promissory Estoppel

Indian Contract Act (ICA)1872

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

Where 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

Promises are not valid at all

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